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, MN

ZIP 55615 — 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 55615

Median Home Value
$235,300
Median Rent
$1,181
Affordability Snapshot
$65,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,512/mo PITI).

23%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

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

16.6 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 55615 in MN, a household would need roughly $65,000 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 $1,512. That is roughly in line with the local median household income ($60,893). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 59% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
74.5%+14% vs US avg
x
Vacancy Rate
58.9%+471% vs US avg
x
Broadband Access
89.7%+3% vs US avg
x
4+ Bedrooms
0.3%-98% vs US avg
x
Built Pre-1939
1.5%-88% vs US avg
x
Built Post-2014
2.2%-68% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
49.6%+30% vs US avg
x
$235,300
Home Value
$1,181
Rent
1993
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 detached65.6%
  • 1-unit attached12.0%
  • 2-9 units16.7%
  • 10+ units2.0%
  • Mobile home & other3.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$235,300
Median rent$1,181
Owner-occupied74.5%
Vacant58.9%
Price-to-income3.9x
Est. income to buy$65,000