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Rice Lake CDP, MN

ZIP 56621 — 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 56621

Median Home Value
$176,700
Median Rent
$477
Affordability Snapshot
$49,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,135/mo PITI).

9%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

30.9 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 56621 in Rice Lake CDP, MN, a household would need roughly $49,000 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 $1,135. That sits below the local median household income ($63,750), 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
79.1%+21% vs US avg
x
Vacancy Rate
21.8%+112% vs US avg
x
Broadband Access
87.6%+1% vs US avg
x
4+ Bedrooms
7.7%-48% vs US avg
x
Built Pre-1939
4.9%-61% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
7.7%-85% vs US avg
x
Mortgage-Free
48.3%+26% vs US avg
x
$176,700
Home Value
$477
Rent
1979
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 detached75.4%
  • 1-unit attached0.3%
  • 2-9 units3.3%
  • 10+ units6.5%
  • Mobile home & other14.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$176,700
Median rent$477
Owner-occupied79.1%
Vacant21.8%
Price-to-income2.8x
Est. income to buy$49,000