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Stephen city, MN

ZIP 56757 — 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 56757

Median Home Value
$113,800
Median Rent
$729
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$731/mo PITI).

11%
Rent-to-Income Ratio

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

1.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.0 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 56757 in Stephen city, MN, a household would need roughly $31,000 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 $731. That sits below the local median household income ($79,219), 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
88.7%+36% vs US avg
x
Vacancy Rate
19.5%+89% vs US avg
x
Broadband Access
86.8%-0% vs US avg
x
4+ Bedrooms
6.3%-57% vs US avg
x
Built Pre-1939
6.3%-50% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
37.5%-25% vs US avg
x
Mortgage-Free
74.6%+95% vs US avg
x
$113,800
Home Value
$729
Rent
1963
Year Built
2004
Moved In

Residents have lived here since ~2004 on average

Housing Structure

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

  • 1-unit detached84.8%
  • 1-unit attached0.0%
  • 2-9 units4.8%
  • 10+ units7.3%
  • Mobile home & other3.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$113,800
Median rent$729
Owner-occupied88.7%
Vacant19.5%
Price-to-income1.4x
Est. income to buy$31,000