US5.com
  1. Home
  2. States
  3. Minnesota
  4. ZIP 56161
  5. Housing & Real Estate
Okabena city, MN

ZIP 56161 — 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 56161

Median Home Value
$108,300
Median Rent
$767
Affordability Snapshot
$30,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$696/mo PITI).

9%
Rent-to-Income Ratio

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

1.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

11.8 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 56161 in Okabena city, MN, a household would need roughly $30,000 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 $696. That sits below the local median household income ($97,500), 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
95.6%+46% vs US avg
x
Vacancy Rate
8.7%-15% vs US avg
x
Broadband Access
89.0%+2% vs US avg
x
4+ Bedrooms
10.1%-32% vs US avg
x
Built Pre-1939
9.4%-27% vs US avg
x
Built Post-2014
1.3%-81% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
48.5%+27% vs US avg
x
$108,300
Home Value
$767
Rent
1948
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 detached99.3%
  • 1-unit attached0.0%
  • 2-9 units0.7%
  • 10+ units0.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$108,300
Median rent$767
Owner-occupied95.6%
Vacant8.7%
Price-to-income1.1x
Est. income to buy$30,000