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Eagle Lake city, MN

ZIP 56024 — 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 56024

Median Home Value
$259,200
Median Rent
$1,206
Affordability Snapshot
$71,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,665/mo PITI).

15%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.9 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 56024 in Eagle Lake city, MN, a household would need roughly $71,000 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 $1,665. That sits below the local median household income ($96,667), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
69.3%+6% vs US avg
x
Vacancy Rate
3.0%-70% vs US avg
x
Broadband Access
96.7%+11% vs US avg
x
4+ Bedrooms
9.4%-37% vs US avg
x
Built Pre-1939
4.0%-69% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
18.5%-63% vs US avg
x
Mortgage-Free
32.4%-15% vs US avg
x
$259,200
Home Value
$1,206
Rent
1993
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached69.0%
  • 1-unit attached15.6%
  • 2-9 units10.4%
  • 10+ units1.3%
  • Mobile home & other3.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$259,200
Median rent$1,206
Owner-occupied69.3%
Vacant3.0%
Price-to-income2.7x
Est. income to buy$71,000