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Northfield city, MN

ZIP 55057 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55057

Median Home Value
$338,800
Median Rent
$931
Affordability Snapshot
$93,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,176/mo PITI).

11%
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.

30.3 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 55057 in Northfield city, MN, a household would need roughly $93,000 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 $2,176. That is roughly in line with the local median household income ($97,521). 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
74.6%+14% vs US avg
x
Vacancy Rate
4.7%-54% vs US avg
x
Broadband Access
93.9%+8% vs US avg
x
4+ Bedrooms
9.5%-36% vs US avg
x
Built Pre-1939
3.2%-75% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
12.8%-74% vs US avg
x
Mortgage-Free
37.4%-2% vs US avg
x
$338,800
Home Value
$931
Rent
1983
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 detached62.4%
  • 1-unit attached9.0%
  • 2-9 units8.1%
  • 10+ units15.8%
  • Mobile home & other4.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$338,800
Median rent$931
Owner-occupied74.6%
Vacant4.7%
Price-to-income3.5x
Est. income to buy$93,000