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Hampton city, MN

ZIP 55031 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55031

Median Home Value
$393,400
Median Rent
$955
Affordability Snapshot
$108,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,527/mo PITI).

10%
Rent-to-Income Ratio

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

3.5x
Home Price-to-Income Ratio

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

34.3 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 55031 in Hampton city, MN, a household would need roughly $108,000 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 $2,527. That is roughly in line with the local median household income ($113,654). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
93.6%+43% vs US avg
x
Vacancy Rate
9.1%-12% vs US avg
x
Broadband Access
88.6%+2% vs US avg
x
4+ Bedrooms
11.4%-23% vs US avg
x
Built Pre-1939
1.5%-88% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
9.5%-81% vs US avg
x
Mortgage-Free
38.5%+1% vs US avg
x
$393,400
Home Value
$955
Rent
1982
Year Built
2003
Moved In

Residents have lived here since ~2003 on average

Housing Structure

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

  • 1-unit detached87.3%
  • 1-unit attached3.6%
  • 2-9 units2.8%
  • 10+ units5.0%
  • Mobile home & other1.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$393,400
Median rent$955
Owner-occupied93.6%
Vacant9.1%
Price-to-income3.5x
Est. income to buy$108,000