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Solway city, MN

ZIP 56678 — 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 56678

Median Home Value
$193,300
Median Rent
$988
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,242/mo PITI).

17%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.3 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 56678 in Solway city, MN, a household would need roughly $53,000 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 $1,242. That sits below the local median household income ($71,761), 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 23% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
94.4%+44% vs US avg
x
Vacancy Rate
22.6%+120% vs US avg
x
Broadband Access
88.1%+1% vs US avg
x
4+ Bedrooms
6.8%-54% vs US avg
x
Built Pre-1939
3.8%-70% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
6.3%-87% vs US avg
x
Mortgage-Free
38.8%+2% vs US avg
x
$193,300
Home Value
$988
Rent
1986
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 detached74.8%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other25.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$193,300
Median rent$988
Owner-occupied94.4%
Vacant22.6%
Price-to-income2.7x
Est. income to buy$53,000