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Waseca city, MN

ZIP 56093 — 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 56093

Median Home Value
$214,800
Median Rent
$665
Affordability Snapshot
$59,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,380/mo PITI).

11%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

26.9 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 56093 in Waseca city, MN, a household would need roughly $59,000 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 $1,380. That sits below the local median household income ($73,210), 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
75.5%+15% vs US avg
x
Vacancy Rate
3.6%-65% vs US avg
x
Broadband Access
88.1%+1% vs US avg
x
4+ Bedrooms
5.4%-63% vs US avg
x
Built Pre-1939
7.8%-39% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
16.0%-68% vs US avg
x
Mortgage-Free
35.0%-8% vs US avg
x
$214,800
Home Value
$665
Rent
1970
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 detached76.9%
  • 1-unit attached4.8%
  • 2-9 units6.3%
  • 10+ units9.5%
  • Mobile home & other2.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$214,800
Median rent$665
Owner-occupied75.5%
Vacant3.6%
Price-to-income2.9x
Est. income to buy$59,000