US5.com
  1. Home
  2. States
  3. Minnesota
  4. ZIP 56256
  5. Housing & Real Estate
Madison city, MN

ZIP 56256 — 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 56256

Median Home Value
$122,400
Median Rent
$625
Affordability Snapshot
$34,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$786/mo PITI).

12%
Rent-to-Income Ratio

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

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.3 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 56256 in Madison city, MN, a household would need roughly $34,000 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 $786. That sits below the local median household income ($62,250), 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 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
76.3%+17% vs US avg
x
Vacancy Rate
17.9%+73% vs US avg
x
Broadband Access
82.7%-5% vs US avg
x
4+ Bedrooms
6.1%-59% vs US avg
x
Built Pre-1939
8.2%-36% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
22.1%-56% vs US avg
x
Mortgage-Free
59.4%+56% vs US avg
x
$122,400
Home Value
$625
Rent
1955
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached81.5%
  • 1-unit attached0.8%
  • 2-9 units7.2%
  • 10+ units9.8%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$122,400
Median rent$625
Owner-occupied76.3%
Vacant17.9%
Price-to-income2.0x
Est. income to buy$34,000