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Good Thunder city, MN

ZIP 56037 — 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 56037

Median Home Value
$239,000
Median Rent
$528
Affordability Snapshot
$66,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,535/mo PITI).

9%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

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

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 56037 in Good Thunder city, MN, a household would need roughly $66,000 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 $1,535. That sits below the local median household income ($74,167), 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
89.0%+36% vs US avg
x
Vacancy Rate
9.4%-9% vs US avg
x
Broadband Access
88.6%+2% vs US avg
x
4+ Bedrooms
9.8%-34% vs US avg
x
Built Pre-1939
3.9%-70% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
24.3%-51% vs US avg
x
Mortgage-Free
42.7%+12% vs US avg
x
$239,000
Home Value
$528
Rent
1958
Year Built
2001
Moved In

Residents have lived here since ~2001 on average

Housing Structure

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

  • 1-unit detached95.6%
  • 1-unit attached0.9%
  • 2-9 units0.7%
  • 10+ units1.9%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$239,000
Median rent$528
Owner-occupied89.0%
Vacant9.4%
Price-to-income3.2x
Est. income to buy$66,000