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Henning city, MN

ZIP 56551 — 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 56551

Median Home Value
$224,100
Median Rent
$557
Affordability Snapshot
$62,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,440/mo PITI).

10%
Rent-to-Income Ratio

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

3.5x
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 56551 in Henning city, MN, a household would need roughly $62,000 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 $1,440. That is roughly in line with the local median household income ($63,750). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 26% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.1%+19% vs US avg
x
Vacancy Rate
26.1%+153% vs US avg
x
Broadband Access
82.1%-6% vs US avg
x
4+ Bedrooms
6.7%-55% vs US avg
x
Built Pre-1939
4.6%-64% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
14.3%-71% vs US avg
x
Mortgage-Free
42.6%+12% vs US avg
x
$224,100
Home Value
$557
Rent
1973
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 detached82.7%
  • 1-unit attached0.3%
  • 2-9 units7.1%
  • 10+ units2.7%
  • Mobile home & other7.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$224,100
Median rent$557
Owner-occupied78.1%
Vacant26.1%
Price-to-income3.5x
Est. income to buy$62,000