US5.com
  1. Home
  2. States
  3. Minnesota
  4. ZIP 56309
  5. Housing & Real Estate
Ashby city, MN

ZIP 56309 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56309

Median Home Value
$270,400
Median Rent
$663
Affordability Snapshot
$74,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,737/mo PITI).

10%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

34.0 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 56309 in Ashby city, MN, a household would need roughly $74,000 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 $1,737. That sits below the local median household income ($83,594), 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 30% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.4%+26% vs US avg
x
Vacancy Rate
29.7%+188% vs US avg
x
Broadband Access
88.3%+2% vs US avg
x
4+ Bedrooms
5.3%-64% vs US avg
x
Built Pre-1939
8.0%-38% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
13.3%-73% vs US avg
x
Mortgage-Free
51.0%+33% vs US avg
x
$270,400
Home Value
$663
Rent
1975
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 detached88.4%
  • 1-unit attached1.1%
  • 2-9 units5.2%
  • 10+ units1.3%
  • Mobile home & other4.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$270,400
Median rent$663
Owner-occupied82.4%
Vacant29.7%
Price-to-income3.2x
Est. income to buy$74,000