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Kensington city, MN

ZIP 56343 — 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 56343

Median Home Value
$232,300
Median Rent
$518
Affordability Snapshot
$64,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,492/mo PITI).

10%
Rent-to-Income Ratio

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

3.6x
Home Price-to-Income Ratio

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

37.4 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 56343 in Kensington city, MN, a household would need roughly $64,000 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 $1,492. That is roughly in line with the local median household income ($64,318). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 26% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
89.3%+37% vs US avg
x
Vacancy Rate
25.9%+151% vs US avg
x
Broadband Access
85.9%-1% vs US avg
x
4+ Bedrooms
7.7%-48% vs US avg
x
Built Pre-1939
6.8%-47% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
4.9%-90% vs US avg
x
Mortgage-Free
44.3%+16% vs US avg
x
$232,300
Home Value
$518
Rent
1974
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached92.9%
  • 1-unit attached0.0%
  • 2-9 units1.9%
  • 10+ units0.0%
  • Mobile home & other5.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$232,300
Median rent$518
Owner-occupied89.3%
Vacant25.9%
Price-to-income3.6x
Est. income to buy$64,000