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ZIP 56502
Housing & Real Estate

ZIP 56502 — Housing & Real Estate

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

Working Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56502

Median Home Value

$201,400

Median Rent

$840

Affordability Snapshot

$55,000

Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,294/mo PITI).

20%

Rent-to-Income Ratio

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

3.9x

Home Price-to-Income Ratio

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

20.0 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 56502, a household would need roughly $55,000 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 $1,294. That is roughly in line with the local median household income ($51,450). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel

Housing Metrics

Owner Occupied

51.2%-22% vs US avg

Vacancy Rate

5.3%-49% vs US avg

Broadband Access

90.0%+3% vs US avg

4+ Bedrooms

6.2%-58% vs US avg

Built Pre-1939

10.7%-17% vs US avg

Built Post-2014

0.0%

Rent Burden >30%

20.7%-58% vs US avg

Mortgage-Free

32.3%-16% vs US avg

$201,400

Home Value

$840

Rent

1978

Year Built

2016

Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

1-unit detached55.3%
1-unit attached2.2%
2-9 units10.9%
10+ units31.2%
Mobile home & other0.4%

ZIP 56502 — Housing & Real Estate

Housing & Real Estate in ZIP Code 56502

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