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Hillman city, MN

ZIP 56338 — 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 56338

Median Home Value
$273,800
Median Rent
$838
Affordability Snapshot
$75,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,759/mo PITI).

15%
Rent-to-Income Ratio

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

4.0x
Home Price-to-Income Ratio

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

27.2 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 56338 in Hillman city, MN, a household would need roughly $75,000 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 $1,759. That is roughly in line with the local median household income ($68,906). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 45% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
90.8%+39% vs US avg
x
Vacancy Rate
45.2%+338% vs US avg
x
Broadband Access
85.5%-2% vs US avg
x
4+ Bedrooms
4.6%-69% vs US avg
x
Built Pre-1939
5.6%-56% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
8.1%-84% vs US avg
x
Mortgage-Free
49.0%+28% vs US avg
x
$273,800
Home Value
$838
Rent
1982
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached90.8%
  • 1-unit attached1.3%
  • 2-9 units0.1%
  • 10+ units0.0%
  • Mobile home & other7.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$273,800
Median rent$838
Owner-occupied90.8%
Vacant45.2%
Price-to-income4.0x
Est. income to buy$75,000