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Erskine city, MN

ZIP 56535 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56535

Median Home Value
$215,200
Median Rent
$628
Affordability Snapshot
$59,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,382/mo PITI).

13%
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.

28.6 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 56535 in Erskine city, MN, a household would need roughly $59,000 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 $1,382. That is roughly in line with the local median household income ($57,917). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 41% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
74.0%+13% vs US avg
x
Vacancy Rate
41.1%+299% vs US avg
x
Broadband Access
83.8%-4% vs US avg
x
4+ Bedrooms
4.1%-72% vs US avg
x
Built Pre-1939
7.7%-40% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
39.1%-21% vs US avg
x
Mortgage-Free
54.9%+44% vs US avg
x
$215,200
Home Value
$628
Rent
1975
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached81.4%
  • 1-unit attached0.6%
  • 2-9 units3.6%
  • 10+ units3.6%
  • Mobile home & other10.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$215,200
Median rent$628
Owner-occupied74.0%
Vacant41.1%
Price-to-income3.7x
Est. income to buy$59,000