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Parkers Prairie city, MN

ZIP 56361 — 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 56361

Median Home Value
$219,800
Median Rent
$695
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,412/mo PITI).

12%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

26.4 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 56361 in Parkers Prairie city, MN, a household would need roughly $61,000 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 $1,412. That sits below the local median household income ($69,896), 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 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
84.8%+30% vs US avg
x
Vacancy Rate
20.0%+94% vs US avg
x
Broadband Access
82.3%-5% vs US avg
x
4+ Bedrooms
7.9%-47% vs US avg
x
Built Pre-1939
3.8%-71% vs US avg
x
Built Post-2014
1.1%-85% vs US avg
x
Rent Burden >30%
17.6%-65% vs US avg
x
Mortgage-Free
47.8%+25% vs US avg
x
$219,800
Home Value
$695
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 detached87.9%
  • 1-unit attached1.0%
  • 2-9 units3.2%
  • 10+ units2.3%
  • Mobile home & other5.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$219,800
Median rent$695
Owner-occupied84.8%
Vacant20.0%
Price-to-income3.1x
Est. income to buy$61,000