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Karlstad city, MN

ZIP 56732 — 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 56732

Median Home Value
$150,700
Median Rent
$541
Affordability Snapshot
$41,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$968/mo PITI).

10%
Rent-to-Income Ratio

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

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.2 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 56732 in Karlstad city, MN, a household would need roughly $41,000 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 $968. That sits below the local median household income ($67,841), 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 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.3%+21% vs US avg
x
Vacancy Rate
21.3%+106% vs US avg
x
Broadband Access
83.3%-4% vs US avg
x
4+ Bedrooms
6.1%-59% vs US avg
x
Built Pre-1939
8.3%-35% vs US avg
x
Built Post-2014
0.7%-89% vs US avg
x
Rent Burden >30%
8.0%-84% vs US avg
x
Mortgage-Free
49.4%+29% vs US avg
x
$150,700
Home Value
$541
Rent
1970
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 detached73.8%
  • 1-unit attached0.7%
  • 2-9 units9.4%
  • 10+ units9.4%
  • Mobile home & other6.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$150,700
Median rent$541
Owner-occupied79.3%
Vacant21.3%
Price-to-income2.2x
Est. income to buy$41,000