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Hibbing city, MN

ZIP 55746 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55746

Median Home Value
$127,600
Median Rent
$702
Affordability Snapshot
$35,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$820/mo PITI).

15%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.1 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 55746 in Hibbing city, MN, a household would need roughly $35,000 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 $820. That sits below the local median household income ($55,694), suggesting the typical household income is closer to a workable buy-in level under these assumptions. 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
75.5%+15% vs US avg
x
Vacancy Rate
10.9%+6% vs US avg
x
Broadband Access
88.5%+2% vs US avg
x
4+ Bedrooms
3.8%-74% vs US avg
x
Built Pre-1939
10.7%-16% vs US avg
x
Built Post-2014
0.0%-100% vs US avg
x
Rent Burden >30%
27.2%-45% vs US avg
x
Mortgage-Free
49.8%+30% vs US avg
x
$127,600
Home Value
$702
Rent
1955
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 detached77.8%
  • 1-unit attached0.3%
  • 2-9 units7.1%
  • 10+ units11.8%
  • Mobile home & other3.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$127,600
Median rent$702
Owner-occupied75.5%
Vacant10.9%
Price-to-income2.3x
Est. income to buy$35,000