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Verndale city, MN

ZIP 56481 — 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 56481

Median Home Value
$165,600
Median Rent
$438
Affordability Snapshot
$46,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,064/mo PITI).

8%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

31.5 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 56481 in Verndale city, MN, a household would need roughly $46,000 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 $1,064. That sits below the local median household income ($69,688), 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 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.3%+33% vs US avg
x
Vacancy Rate
14.1%+37% vs US avg
x
Broadband Access
82.1%-6% vs US avg
x
4+ Bedrooms
5.4%-63% vs US avg
x
Built Pre-1939
6.3%-51% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
0.8%-98% vs US avg
x
Mortgage-Free
48.6%+27% vs US avg
x
$165,600
Home Value
$438
Rent
1976
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 detached84.9%
  • 1-unit attached0.3%
  • 2-9 units0.7%
  • 10+ units0.2%
  • Mobile home & other14.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$165,600
Median rent$438
Owner-occupied87.3%
Vacant14.1%
Price-to-income2.4x
Est. income to buy$46,000