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Lutsen CDP, MN

ZIP 55612 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55612

Median Home Value
$423,300
Median Rent
$905
Affordability Snapshot
$117,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,719/mo PITI).

13%
Rent-to-Income Ratio

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

5.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

39.0 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 55612 in Lutsen CDP, MN, a household would need roughly $117,000 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 $2,719. That is about 39% above the local median household income ($83,893), 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 72% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
91.6%+40% vs US avg
x
Vacancy Rate
71.5%+594% vs US avg
x
Broadband Access
87.6%+1% vs US avg
x
4+ Bedrooms
1.4%-90% vs US avg
x
Built Pre-1939
11.2%-12% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
36.0%-28% vs US avg
x
Mortgage-Free
49.3%+29% vs US avg
x
$423,300
Home Value
$905
Rent
1987
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached88.4%
  • 1-unit attached8.3%
  • 2-9 units2.1%
  • 10+ units0.8%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$423,300
Median rent$905
Owner-occupied91.6%
Vacant71.5%
Price-to-income5.0x
Est. income to buy$117,000