Median home value is about $224,100 — about 36% below the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $557 (about 52% below the U.S. median rent ($1,163)), and owner-occupancy near 78.1% (about 12.7 points above the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 56551 in Henning, MN, a household would need roughly $62,000 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 $1,440. That is roughly in line with the local median household income ($63,750). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.