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Hector city, MN

ZIP 55342 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55342

Median Home Value
$148,100
Median Rent
$710
Affordability Snapshot
$41,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$951/mo PITI).

13%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.4 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 55342 in Hector city, MN, a household would need roughly $41,000 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 $951. That sits below the local median household income ($63,257), 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 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
80.8%+24% vs US avg
x
Vacancy Rate
16.0%+55% vs US avg
x
Broadband Access
83.1%-4% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
12.5%-2% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
17.9%-64% vs US avg
x
Mortgage-Free
66.8%+75% vs US avg
x
$148,100
Home Value
$710
Rent
1959
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached85.3%
  • 1-unit attached0.6%
  • 2-9 units4.6%
  • 10+ units5.7%
  • Mobile home & other3.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$148,100
Median rent$710
Owner-occupied80.8%
Vacant16.0%
Price-to-income2.3x
Est. income to buy$41,000