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Madison Lake city, MN

ZIP 56063 — 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 56063

Median Home Value
$396,000
Median Rent
$708
Affordability Snapshot
$109,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,544/mo PITI).

8%
Rent-to-Income Ratio

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

4.0x
Home Price-to-Income Ratio

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

46.6 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 56063 in Madison Lake city, MN, a household would need roughly $109,000 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 $2,544. That is roughly in line with the local median household income ($100,156). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 26% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.0%+25% vs US avg
x
Vacancy Rate
25.5%+148% vs US avg
x
Broadband Access
90.4%+4% vs US avg
x
4+ Bedrooms
8.1%-45% vs US avg
x
Built Pre-1939
5.9%-54% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
15.1%-70% vs US avg
x
Mortgage-Free
37.9%-1% vs US avg
x
$396,000
Home Value
$708
Rent
1982
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 detached83.6%
  • 1-unit attached6.6%
  • 2-9 units4.2%
  • 10+ units2.4%
  • Mobile home & other3.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$396,000
Median rent$708
Owner-occupied82.0%
Vacant25.5%
Price-to-income4.0x
Est. income to buy$109,000