US5.com
  1. Home
  2. States
  3. Minnesota
  4. ZIP 56467
  5. Housing & Real Estate
Nevis city, MN

ZIP 56467 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56467

Median Home Value
$300,900
Median Rent
$675
Affordability Snapshot
$83,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,933/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

37.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 56467 in Nevis city, MN, a household would need roughly $83,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,933. That is roughly in line with the local median household income ($75,170). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 56% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
94.8%+45% vs US avg
x
Vacancy Rate
56.3%+447% vs US avg
x
Broadband Access
87.8%+1% vs US avg
x
4+ Bedrooms
3.2%-78% vs US avg
x
Built Pre-1939
6.1%-52% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
13.8%-72% vs US avg
x
Mortgage-Free
48.2%+26% vs US avg
x
$300,900
Home Value
$675
Rent
1984
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached91.0%
  • 1-unit attached0.7%
  • 2-9 units0.6%
  • 10+ units0.4%
  • Mobile home & other7.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$300,900
Median rent$675
Owner-occupied94.8%
Vacant56.3%
Price-to-income4.0x
Est. income to buy$83,000