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New York Mills city, MN

ZIP 56567 — 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 56567

Median Home Value
$189,400
Median Rent
$649
Affordability Snapshot
$52,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,217/mo PITI).

11%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

24.3 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 56567 in New York Mills city, MN, a household would need roughly $52,000 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 $1,217. That sits below the local median household income ($69,919), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
77.2%+18% vs US avg
x
Vacancy Rate
12.0%+16% vs US avg
x
Broadband Access
84.4%-3% vs US avg
x
4+ Bedrooms
8.1%-45% vs US avg
x
Built Pre-1939
7.3%-43% vs US avg
x
Built Post-2014
1.5%-78% vs US avg
x
Rent Burden >30%
7.0%-86% vs US avg
x
Mortgage-Free
45.6%+19% vs US avg
x
$189,400
Home Value
$649
Rent
1978
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached79.5%
  • 1-unit attached2.5%
  • 2-9 units3.8%
  • 10+ units9.7%
  • Mobile home & other4.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$189,400
Median rent$649
Owner-occupied77.2%
Vacant12.0%
Price-to-income2.7x
Est. income to buy$52,000