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Lake Crystal city, MN

ZIP 56055 — 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 56055

Median Home Value
$218,000
Median Rent
$604
Affordability Snapshot
$60,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,400/mo PITI).

9%
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.

30.1 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 56055 in Lake Crystal city, MN, a household would need roughly $60,000 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 $1,400. That sits below the local median household income ($83,452), 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
83.4%+28% vs US avg
x
Vacancy Rate
4.4%-57% vs US avg
x
Broadband Access
90.1%+4% vs US avg
x
4+ Bedrooms
9.3%-37% vs US avg
x
Built Pre-1939
3.5%-73% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
13.7%-73% vs US avg
x
Mortgage-Free
37.6%-2% vs US avg
x
$218,000
Home Value
$604
Rent
1971
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached83.8%
  • 1-unit attached1.9%
  • 2-9 units5.1%
  • 10+ units5.7%
  • Mobile home & other3.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$218,000
Median rent$604
Owner-occupied83.4%
Vacant4.4%
Price-to-income2.6x
Est. income to buy$60,000