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ZIP Code 59061

Learn about the people, housing, costs and businesses in 59061

Median Home$403,700
Median Rent$943/month
Population704
Leading IndustriesManufacturing · Agriculture & Mining · Construction22% manufacturing
Home Value Growth⬆⬆+20.6% over 2 years
Retirees34% of residentstop 4% nationally
Homeowners81% of occupied units
NotableVeteran Community17% of residents · top 1% nationally
NotableHighly Educated27% hold a bachelor's degree · top 16% nationally
ZIP Code
59061

Frequently Asked Questions

What are today's mortgage rates in ZIP code 59061?

As of today, the 30-year fixed mortgage rate for ZIP code 59061 is approximately 6.933% (6.970% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for ZIP code 59061
What is the median home price in ZIP code 59061?

The median home value in ZIP code 59061 is $404k. The median monthly rent is $943. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 59061?

Home values in ZIP code 59061 have increased 20.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in ZIP code 59061?

Based on a typical all-in ownership cost of $922/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 59061 is $82k/year.

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What industries drive the economy in ZIP code 59061?

The largest employment sectors in ZIP code 59061 are agriculture and mining (31%) and manufacturing (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.