What is the median home value in ZIP 56560 in Clay County, MN?

The median home value in ZIP 56560 in Clay County, MN is $280,231, according to the latest Census ACS 5-Year Estimates.

What is the rent-to-income ratio in ZIP 56560?

The rent-to-income ratio in ZIP 56560 is 20.9%, based on HUD Fair Market Rent divided by Census median household income. This is within the affordable range (under 30% of household income).

Fargo, ND-MN · Minnesota

Clay County

ZIP 56560

65,628 residents329 permits TTM$77,664 median HHI13 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$256,000

ACS 5-Year

Cap rate proxy

5.2%

FMR × 0.65 ÷ Home Value

Rent-to-income

15.5%

HUD FMR ÷ ACS HHI

Net migration

+1.98%

IRS SOI

Permits (TTM)

329

Census BPS

Climate risk

73.7

FEMA NRI (0–100)

ZIP 56560

Median home value

$280,231

Gross yield

5.0%

Cap rate

5.8%

Rent gap

-15.6%

Affordability

P/I: 3.6R/I: 20.9%

Section 8 detail

SAFMR: $1,170Rent: $1,000Gap: 17.0%

ZIP code breakdown13 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
56514	$297,417	$1,010	4.1%	4.0%	1.0%
56525	$256,000county est.	$1,170	5.5%	4.7%	14.5%
56529	$287,689	$1,150	4.8%	4.2%	13.0%
56536	$256,000county est.	$970	4.5%	4.7%	-3.1%
56546	$256,000county est.	$1,290	6.0%	4.7%	22.5%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$280,231	$1,170	5.0%	5.8%	-15.6%
$256,000county est.	$970	4.5%	4.7%	-3.1%
$256,000county est.	$1,170	5.5%	4.7%	14.5%
$256,000county est.	$1,170	5.5%	4.7%	14.5%
$256,000county est.	$970	4.5%	4.7%	-3.1%
$340,407	$970	3.4%	3.5%	-3.1%
$350,739	$1,030	3.5%	3.4%	2.9%
$386,567	$980	3.0%	3.1%	-2.0%

Demographics

Owner-occupied

66.6%

Census ACS

Vacancy rate

4.8%

Census ACS

Bachelor's degree +

39.0%

Census ACS

Rent burdened

49.4%

Census ACS (>30% income)

Median age

33.5

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Clay County

See all 13 ZIPs ranked by yield and cap rate