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Millerville city, MN

ZIP 56315 — 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 56315

Median Home Value
$248,300
Median Rent
$640
Affordability Snapshot
$68,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,595/mo PITI).

9%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

32.3 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 56315 in Millerville city, MN, a household would need roughly $68,000 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 $1,595. That sits below the local median household income ($85,526), 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 31% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
84.0%+28% vs US avg
x
Vacancy Rate
30.9%+200% vs US avg
x
Broadband Access
91.1%+5% vs US avg
x
4+ Bedrooms
4.8%-67% vs US avg
x
Built Pre-1939
2.3%-82% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
13.0%-74% vs US avg
x
Mortgage-Free
36.6%-4% vs US avg
x
$248,300
Home Value
$640
Rent
1981
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 detached86.5%
  • 1-unit attached1.0%
  • 2-9 units4.2%
  • 10+ units1.9%
  • Mobile home & other6.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$248,300
Median rent$640
Owner-occupied84.0%
Vacant30.9%
Price-to-income2.9x
Est. income to buy$68,000