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Vergas city, MN

ZIP 56587 — 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 56587

Median Home Value
$336,800
Median Rent
$542
Affordability Snapshot
$93,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,164/mo PITI).

8%
Rent-to-Income Ratio

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

4.0x
Home Price-to-Income Ratio

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

51.8 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 56587 in Vergas city, MN, a household would need roughly $93,000 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 $2,164. That is roughly in line with the local median household income ($83,203). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 46% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
88.9%+36% vs US avg
x
Vacancy Rate
46.3%+350% vs US avg
x
Broadband Access
87.9%+1% vs US avg
x
4+ Bedrooms
8.0%-46% vs US avg
x
Built Pre-1939
3.1%-75% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
15.2%-70% vs US avg
x
Mortgage-Free
48.4%+27% vs US avg
x
$336,800
Home Value
$542
Rent
1991
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 detached90.3%
  • 1-unit attached0.7%
  • 2-9 units1.3%
  • 10+ units0.8%
  • Mobile home & other6.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$336,800
Median rent$542
Owner-occupied88.9%
Vacant46.3%
Price-to-income4.0x
Est. income to buy$93,000