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Madelia city, MN

ZIP 56062 — 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 56062

Median Home Value
$172,900
Median Rent
$569
Affordability Snapshot
$48,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,111/mo PITI).

9%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.3 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 56062 in Madelia city, MN, a household would need roughly $48,000 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 $1,111. That sits below the local median household income ($76,549), 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
79.0%+21% vs US avg
x
Vacancy Rate
8.1%-21% vs US avg
x
Broadband Access
82.2%-6% vs US avg
x
4+ Bedrooms
7.1%-52% vs US avg
x
Built Pre-1939
6.5%-49% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
9.5%-81% vs US avg
x
Mortgage-Free
45.7%+20% vs US avg
x
$172,900
Home Value
$569
Rent
1948
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 detached80.7%
  • 1-unit attached0.7%
  • 2-9 units8.3%
  • 10+ units3.8%
  • Mobile home & other6.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$172,900
Median rent$569
Owner-occupied79.0%
Vacant8.1%
Price-to-income2.3x
Est. income to buy$48,000