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Orono city, MN

ZIP 55391 — 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 55391

Median Home Value
$795,600
Median Rent
$1,472
Affordability Snapshot
$219,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,111/mo PITI).

10%
Rent-to-Income Ratio

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

4.7x
Home Price-to-Income Ratio

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

45.0 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 55391 in Orono city, MN, a household would need roughly $219,000 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 $5,111. That is about 29% above the local median household income ($170,115), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
81.3%+24% vs US avg
x
Vacancy Rate
10.8%+5% vs US avg
x
Broadband Access
91.2%+5% vs US avg
x
4+ Bedrooms
17.9%+21% vs US avg
x
Built Pre-1939
4.0%-69% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
32.2%-35% vs US avg
x
Mortgage-Free
37.5%-2% vs US avg
x
$795,600
Home Value
$1,472
Rent
1980
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 detached71.0%
  • 1-unit attached6.3%
  • 2-9 units3.1%
  • 10+ units19.5%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$795,600
Median rent$1,472
Owner-occupied81.3%
Vacant10.8%
Price-to-income4.7x
Est. income to buy$219,000