US5.com
  1. Home
  2. States
  3. Minnesota
  4. ZIP 55115
  5. Housing & Real Estate
Mahtomedi city, MN

ZIP 55115 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55115

Median Home Value
$481,900
Median Rent
$1,231
Affordability Snapshot
$133,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,096/mo PITI).

11%
Rent-to-Income Ratio

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

3.6x
Home Price-to-Income Ratio

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

32.6 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 55115 in Mahtomedi city, MN, a household would need roughly $133,000 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 $3,096. That is roughly in line with the local median household income ($132,796). 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
83.0%+27% vs US avg
x
Vacancy Rate
5.5%-46% vs US avg
x
Broadband Access
91.8%+5% vs US avg
x
4+ Bedrooms
12.2%-18% vs US avg
x
Built Pre-1939
1.6%-87% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
38.1%-23% vs US avg
x
Mortgage-Free
28.4%-26% vs US avg
x
$481,900
Home Value
$1,231
Rent
1988
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached75.1%
  • 1-unit attached8.8%
  • 2-9 units1.3%
  • 10+ units14.8%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$481,900
Median rent$1,231
Owner-occupied83.0%
Vacant5.5%
Price-to-income3.6x
Est. income to buy$133,000