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New Leipzig city, ND

ZIP 58562 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 58562

Median Home Value
$80,200
Median Rent
$375
Affordability Snapshot
$22,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$515/mo PITI).

7%
Rent-to-Income Ratio

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

1.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.8 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 58562 in New Leipzig city, ND, a household would need roughly $22,000 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 $515. That sits below the local median household income ($62,188), 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 38% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
89.2%+36% vs US avg
x
Vacancy Rate
37.5%+265% vs US avg
x
Broadband Access
76.6%-12% vs US avg
x
4+ Bedrooms
6.3%-57% vs US avg
x
Built Pre-1939
9.1%-29% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
58.8%+18% vs US avg
x
Mortgage-Free
70.2%+84% vs US avg
x
$80,200
Home Value
$375
Rent
1954
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 detached85.0%
  • 1-unit attached0.8%
  • 2-9 units0.8%
  • 10+ units0.0%
  • Mobile home & other13.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$80,200
Median rent$375
Owner-occupied89.2%
Vacant37.5%
Price-to-income1.3x
Est. income to buy$22,000