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Montevideo city, MN

ZIP 56265 — 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 56265

Median Home Value
$159,000
Median Rent
$680
Affordability Snapshot
$44,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,021/mo PITI).

11%
Rent-to-Income Ratio

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

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.5 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 56265 in Montevideo city, MN, a household would need roughly $44,000 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 $1,021. That sits below the local median household income ($72,564), 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
70.5%+8% vs US avg
x
Vacancy Rate
8.1%-21% vs US avg
x
Broadband Access
85.1%-2% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
5.0%-61% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
21.7%-56% vs US avg
x
Mortgage-Free
36.0%-6% vs US avg
x
$159,000
Home Value
$680
Rent
1959
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 detached75.8%
  • 1-unit attached1.7%
  • 2-9 units6.4%
  • 10+ units15.0%
  • Mobile home & other1.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$159,000
Median rent$680
Owner-occupied70.5%
Vacant8.1%
Price-to-income2.2x
Est. income to buy$44,000