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Monticello city, MN

ZIP 55362 — 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 55362

Median Home Value
$324,400
Median Rent
$1,341
Affordability Snapshot
$89,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,084/mo PITI).

17%
Rent-to-Income Ratio

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

3.5x
Home Price-to-Income Ratio

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

20.2 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 55362 in Monticello city, MN, a household would need roughly $89,000 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 $2,084. That is roughly in line with the local median household income ($92,870). 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
73.7%+13% vs US avg
x
Vacancy Rate
2.3%-78% vs US avg
x
Broadband Access
91.2%+5% vs US avg
x
4+ Bedrooms
7.0%-52% vs US avg
x
Built Pre-1939
1.0%-92% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
18.2%-63% vs US avg
x
Mortgage-Free
34.0%-11% vs US avg
x
$324,400
Home Value
$1,341
Rent
1994
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached67.9%
  • 1-unit attached7.6%
  • 2-9 units5.8%
  • 10+ units11.1%
  • Mobile home & other7.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$324,400
Median rent$1,341
Owner-occupied73.7%
Vacant2.3%
Price-to-income3.5x
Est. income to buy$89,000