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Mentor city, MN

ZIP 56736 — 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 56736

Median Home Value
$336,100
Median Rent
$618
Affordability Snapshot
$93,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,159/mo PITI).

9%
Rent-to-Income Ratio

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

4.1x
Home Price-to-Income Ratio

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

45.3 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 56736 in Mentor city, MN, a household would need roughly $93,000 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 $2,159. That is roughly in line with the local median household income ($81,500). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 64% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
90.6%+39% vs US avg
x
Vacancy Rate
64.1%+523% vs US avg
x
Broadband Access
87.7%+1% vs US avg
x
4+ Bedrooms
5.2%-65% vs US avg
x
Built Pre-1939
4.1%-68% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
3.5%-93% vs US avg
x
Mortgage-Free
50.9%+33% vs US avg
x
$336,100
Home Value
$618
Rent
1974
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached88.9%
  • 1-unit attached0.0%
  • 2-9 units0.5%
  • 10+ units0.0%
  • Mobile home & other10.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$336,100
Median rent$618
Owner-occupied90.6%
Vacant64.1%
Price-to-income4.1x
Est. income to buy$93,000