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Montgomery city, MN

ZIP 56069 — 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 56069

Median Home Value
$254,900
Median Rent
$765
Affordability Snapshot
$70,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,637/mo PITI).

11%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

27.8 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 56069 in Montgomery city, MN, a household would need roughly $70,000 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 $1,637. That sits below the local median household income ($81,919), 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
85.4%+31% vs US avg
x
Vacancy Rate
5.8%-44% vs US avg
x
Broadband Access
90.0%+3% vs US avg
x
4+ Bedrooms
7.7%-48% vs US avg
x
Built Pre-1939
2.5%-81% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
14.5%-71% vs US avg
x
Mortgage-Free
32.3%-16% vs US avg
x
$254,900
Home Value
$765
Rent
1968
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached82.5%
  • 1-unit attached6.6%
  • 2-9 units5.7%
  • 10+ units3.4%
  • Mobile home & other1.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$254,900
Median rent$765
Owner-occupied85.4%
Vacant5.8%
Price-to-income3.1x
Est. income to buy$70,000