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Elgin city, ND

ZIP 58533 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 58533

Median Home Value
$110,300
Median Rent
$520
Affordability Snapshot
$30,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$709/mo PITI).

16%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.7 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 58533 in Elgin city, ND, a household would need roughly $30,000 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 $709. That sits below the local median household income ($38,500), 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 29% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
77.2%+18% vs US avg
x
Vacancy Rate
28.7%+179% vs US avg
x
Broadband Access
82.1%-6% vs US avg
x
4+ Bedrooms
9.3%-37% vs US avg
x
Built Pre-1939
14.2%+11% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
30.7%-38% vs US avg
x
Mortgage-Free
66.6%+74% vs US avg
x
$110,300
Home Value
$520
Rent
1955
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 detached75.8%
  • 1-unit attached2.1%
  • 2-9 units7.9%
  • 10+ units4.2%
  • Mobile home & other10.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$110,300
Median rent$520
Owner-occupied77.2%
Vacant28.7%
Price-to-income2.9x
Est. income to buy$30,000