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Orono city, MN

ZIP 55356 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55356

Median Home Value
$712,800
Median Rent
$1,566
Affordability Snapshot
$196,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,579/mo PITI).

11%
Rent-to-Income Ratio

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

4.2x
Home Price-to-Income Ratio

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

37.9 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 55356 in Orono city, MN, a household would need roughly $196,000 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 $4,579. That is roughly in line with the local median household income ($171,333). 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
87.0%+33% vs US avg
x
Vacancy Rate
6.1%-40% vs US avg
x
Broadband Access
95.6%+10% vs US avg
x
4+ Bedrooms
26.1%+76% vs US avg
x
Built Pre-1939
4.8%-62% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
55.5%+12% vs US avg
x
Mortgage-Free
25.3%-34% vs US avg
x
$712,800
Home Value
$1,566
Rent
1982
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 detached84.0%
  • 1-unit attached5.6%
  • 2-9 units2.6%
  • 10+ units7.4%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$712,800
Median rent$1,566
Owner-occupied87.0%
Vacant6.1%
Price-to-income4.2x
Est. income to buy$196,000