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Watson city, MN

ZIP 56295 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56295

Median Home Value
$86,100
Median Rent
$525
Affordability Snapshot
$24,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$553/mo PITI).

11%
Rent-to-Income Ratio

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

1.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.7 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 56295 in Watson city, MN, a household would need roughly $24,000 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 $553. That sits below the local median household income ($58,333), 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
78.7%+20% vs US avg
x
Vacancy Rate
0.0%
x
Broadband Access
79.4%-9% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
8.8%-31% vs US avg
x
Built Post-2014
1.5%-79% vs US avg
x
Rent Burden >30%
13.8%-72% vs US avg
x
Mortgage-Free
50.5%+32% vs US avg
x
$86,100
Home Value
$525
Rent
1942
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached83.8%
  • 1-unit attached0.0%
  • 2-9 units16.2%
  • 10+ units0.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$86,100
Median rent$525
Owner-occupied78.7%
Vacant0.0%
Price-to-income1.5x
Est. income to buy$24,000