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Dover city, MN

ZIP 55929 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55929

Median Home Value
$299,600
Median Rent
$724
Affordability Snapshot
$82,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,925/mo PITI).

7%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

34.5 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 55929 in Dover city, MN, a household would need roughly $82,000 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 $1,925. That sits below the local median household income ($115,865), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
89.6%+37% vs US avg
x
Vacancy Rate
9.1%-12% vs US avg
x
Broadband Access
92.5%+6% vs US avg
x
4+ Bedrooms
14.1%-5% vs US avg
x
Built Pre-1939
1.2%-91% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
2.1%-96% vs US avg
x
Mortgage-Free
28.6%-25% vs US avg
x
$299,600
Home Value
$724
Rent
1985
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 detached88.3%
  • 1-unit attached0.2%
  • 2-9 units6.2%
  • 10+ units0.0%
  • Mobile home & other5.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$299,600
Median rent$724
Owner-occupied89.6%
Vacant9.1%
Price-to-income2.6x
Est. income to buy$82,000