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Byron city, MN

ZIP 55920 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55920

Median Home Value
$356,900
Median Rent
$789
Affordability Snapshot
$98,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,293/mo PITI).

8%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

37.7 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 55920 in Byron city, MN, a household would need roughly $98,000 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 $2,293. That sits below the local median household income ($126,102), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
83.8%+28% vs US avg
x
Vacancy Rate
2.1%-79% vs US avg
x
Broadband Access
95.3%+10% vs US avg
x
4+ Bedrooms
12.8%-14% vs US avg
x
Built Pre-1939
0.6%-95% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
25.1%-49% vs US avg
x
Mortgage-Free
32.7%-14% vs US avg
x
$356,900
Home Value
$789
Rent
1996
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached82.1%
  • 1-unit attached8.2%
  • 2-9 units1.5%
  • 10+ units6.8%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$356,900
Median rent$789
Owner-occupied83.8%
Vacant2.1%
Price-to-income2.8x
Est. income to buy$98,000