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Frazee city, MN

ZIP 56544 — 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 56544

Median Home Value
$235,900
Median Rent
$729
Affordability Snapshot
$65,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,515/mo PITI).

12%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

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

27.0 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 56544 in Frazee city, MN, a household would need roughly $65,000 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 $1,515. That sits below the local median household income ($72,742), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 22% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.3%+26% vs US avg
x
Vacancy Rate
22.3%+116% vs US avg
x
Broadband Access
84.4%-3% vs US avg
x
4+ Bedrooms
5.9%-60% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
0.9%-86% vs US avg
x
Rent Burden >30%
26.1%-48% vs US avg
x
Mortgage-Free
46.6%+22% vs US avg
x
$235,900
Home Value
$729
Rent
1980
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 detached82.4%
  • 1-unit attached1.2%
  • 2-9 units2.2%
  • 10+ units2.3%
  • Mobile home & other11.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$235,900
Median rent$729
Owner-occupied82.3%
Vacant22.3%
Price-to-income3.2x
Est. income to buy$65,000