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Preston city, MN

ZIP 55965 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55965

Median Home Value
$191,900
Median Rent
$581
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,233/mo PITI).

11%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

27.5 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 55965 in Preston city, MN, a household would need roughly $53,000 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 $1,233. That sits below the local median household income ($62,917), 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
78.3%+20% vs US avg
x
Vacancy Rate
10.7%+4% vs US avg
x
Broadband Access
86.6%-0% vs US avg
x
4+ Bedrooms
5.6%-62% vs US avg
x
Built Pre-1939
4.4%-66% vs US avg
x
Built Post-2014
0.7%-91% vs US avg
x
Rent Burden >30%
17.8%-64% vs US avg
x
Mortgage-Free
45.7%+20% vs US avg
x
$191,900
Home Value
$581
Rent
1961
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached77.3%
  • 1-unit attached1.8%
  • 2-9 units10.4%
  • 10+ units6.4%
  • Mobile home & other4.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$191,900
Median rent$581
Owner-occupied78.3%
Vacant10.7%
Price-to-income3.1x
Est. income to buy$53,000