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Hutchinson city, MN

ZIP 55350 — 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 55350

Median Home Value
$238,600
Median Rent
$846
Affordability Snapshot
$66,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,533/mo PITI).

13%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

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

23.5 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 55350 in Hutchinson city, MN, a household would need roughly $66,000 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 $1,533. That sits below the local median household income ($78,663), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
73.9%+13% vs US avg
x
Vacancy Rate
6.0%-42% vs US avg
x
Broadband Access
88.7%+2% vs US avg
x
4+ Bedrooms
5.5%-63% vs US avg
x
Built Pre-1939
2.4%-81% vs US avg
x
Built Post-2014
0.9%-86% vs US avg
x
Rent Burden >30%
19.2%-61% vs US avg
x
Mortgage-Free
40.3%+6% vs US avg
x
$238,600
Home Value
$846
Rent
1984
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached62.4%
  • 1-unit attached8.9%
  • 2-9 units8.4%
  • 10+ units15.1%
  • Mobile home & other5.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$238,600
Median rent$846
Owner-occupied73.9%
Vacant6.0%
Price-to-income3.0x
Est. income to buy$66,000