Median home value in zip code 56162 (Ormsby, MN) is $248K, up 11.3% year over year. Part of the Fairmont, MN metropolitan area.

Full stress scores, AI analysis, and 12-month forecast: Fairmont, MN metro →

Home Value$247,922

YoY Change

+11.3%

AFFORDABILITY

Enter your income for 56162 (Ormsby).

Income (annual)

Down Payment

$49,584 on $247,922

Affordable — 26.2% of income

Under the 28% guideline.

PITI$1,635

P/I26.2%

Afford$265K

Room+$17K

P&I $1,254Tax $231Ins $150

6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

56162 is part of the Fairmont, MN metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

View Fairmont, MN analysis

Want deeper metro-level analysis?Stress scores, crash risk, 12-month forecasts, and early warning signals for 195 US metros.

Try Free