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Champlin city, MN

ZIP 55316 — 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 55316

Median Home Value
$338,400
Median Rent
$1,436
Affordability Snapshot
$93,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,174/mo PITI).

15%
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.

19.6 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 55316 in Champlin 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 $2,174. That sits below the local median household income ($115,719), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
89.5%+37% vs US avg
x
Vacancy Rate
2.6%-75% vs US avg
x
Broadband Access
96.4%+11% vs US avg
x
4+ Bedrooms
11.7%-21% vs US avg
x
Built Pre-1939
1.0%-92% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
23.3%-53% vs US avg
x
Mortgage-Free
28.1%-26% vs US avg
x
$338,400
Home Value
$1,436
Rent
1988
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached76.4%
  • 1-unit attached13.1%
  • 2-9 units1.1%
  • 10+ units9.1%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$338,400
Median rent$1,436
Owner-occupied89.5%
Vacant2.6%
Price-to-income2.9x
Est. income to buy$93,000