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Clements city, MN

ZIP 56224 — 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 56224

Median Home Value
$113,500
Median Rent
$513
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$729/mo PITI).

10%
Rent-to-Income Ratio

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

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.4 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 56224 in Clements city, MN, a household would need roughly $31,000 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 $729. That sits below the local median household income ($64,375), 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

Vacancy rate 24% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
85.7%+31% vs US avg
x
Vacancy Rate
23.7%+130% vs US avg
x
Broadband Access
77.3%-11% vs US avg
x
4+ Bedrooms
10.9%-26% vs US avg
x
Built Pre-1939
7.7%-40% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
5.9%-88% vs US avg
x
Mortgage-Free
52.0%+36% vs US avg
x
$113,500
Home Value
$513
Rent
1951
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached89.7%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other10.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$113,500
Median rent$513
Owner-occupied85.7%
Vacant23.7%
Price-to-income1.8x
Est. income to buy$31,000