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Pequot Lakes city, MN

ZIP 56472 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56472

Median Home Value
$299,900
Median Rent
$747
Affordability Snapshot
$83,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,926/mo PITI).

11%
Rent-to-Income Ratio

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

3.7x
Home Price-to-Income Ratio

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

33.5 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 56472 in Pequot Lakes 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 $1,926. That is roughly in line with the local median household income ($81,938). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 42% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
86.1%+32% vs US avg
x
Vacancy Rate
42.3%+311% vs US avg
x
Broadband Access
90.5%+4% vs US avg
x
4+ Bedrooms
6.5%-56% vs US avg
x
Built Pre-1939
2.5%-80% vs US avg
x
Built Post-2014
1.1%-85% vs US avg
x
Rent Burden >30%
15.3%-69% vs US avg
x
Mortgage-Free
40.0%+5% vs US avg
x
$299,900
Home Value
$747
Rent
1993
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached85.0%
  • 1-unit attached3.4%
  • 2-9 units1.9%
  • 10+ units6.9%
  • Mobile home & other2.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$299,900
Median rent$747
Owner-occupied86.1%
Vacant42.3%
Price-to-income3.7x
Est. income to buy$83,000