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ZIP 56740 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56740

Median Home Value
$130,400
Median Rent
$827
Affordability Snapshot
$36,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$838/mo PITI).

14%
Rent-to-Income Ratio

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

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.1 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 56740, a household would need roughly $36,000 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 $838. That sits below the local median household income ($72,750), 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 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
84.5%+29% vs US avg
x
Vacancy Rate
18.1%+76% vs US avg
x
Broadband Access
88.6%+2% vs US avg
x
4+ Bedrooms
5.3%-64% vs US avg
x
Built Pre-1939
8.0%-37% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
10.4%-79% vs US avg
x
Mortgage-Free
62.7%+64% vs US avg
x
$130,400
Home Value
$827
Rent
1964
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached84.3%
  • 1-unit attached3.5%
  • 2-9 units6.9%
  • 10+ units2.8%
  • Mobile home & other2.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$130,400
Median rent$827
Owner-occupied84.5%
Vacant18.1%
Price-to-income1.8x
Est. income to buy$36,000