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Waltham city, MN

ZIP 55982 — 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 55982

Median Home Value
$266,800
Median Rent
$807
Affordability Snapshot
$73,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,714/mo PITI).

9%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

27.6 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 55982 in Waltham city, MN, a household would need roughly $73,000 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 $1,714. That sits below the local median household income ($111,667), 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
92.2%+41% vs US avg
x
Vacancy Rate
2.0%-80% vs US avg
x
Broadband Access
90.1%+4% vs US avg
x
4+ Bedrooms
6.5%-56% vs US avg
x
Built Pre-1939
5.7%-56% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
15.8%-68% vs US avg
x
Mortgage-Free
59.2%+55% vs US avg
x
$266,800
Home Value
$807
Rent
1951
Year Built
1991
Moved In

Residents have lived here since ~1991 on average

Housing Structure

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

  • 1-unit detached100.0%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$266,800
Median rent$807
Owner-occupied92.2%
Vacant2.0%
Price-to-income2.4x
Est. income to buy$73,000