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Battle Lake city, MN

ZIP 56515 — 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 56515

Median Home Value
$371,100
Median Rent
$683
Affordability Snapshot
$102,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,384/mo PITI).

11%
Rent-to-Income Ratio

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

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

45.3 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 56515 in Battle Lake city, MN, a household would need roughly $102,000 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 $2,384. That is about 39% above the local median household income ($73,350), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 54% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.9%+27% vs US avg
x
Vacancy Rate
53.9%+424% vs US avg
x
Broadband Access
82.1%-6% vs US avg
x
4+ Bedrooms
7.1%-52% vs US avg
x
Built Pre-1939
3.1%-76% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
23.6%-53% vs US avg
x
Mortgage-Free
54.0%+41% vs US avg
x
$371,100
Home Value
$683
Rent
1978
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached90.1%
  • 1-unit attached1.0%
  • 2-9 units2.1%
  • 10+ units2.6%
  • Mobile home & other4.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$371,100
Median rent$683
Owner-occupied82.9%
Vacant53.9%
Price-to-income5.1x
Est. income to buy$102,000