Median home value in zip code 56162 (Ormsby, MN) is $247,922, up 11.3% year over year. Part of the Fairmont, MN metropolitan area.

Home Value$247,922

YoY Change

+11.3%

Prices rising — worse for buyers.

Affordability

Enter your income for 56162 (Ormsby).

Income (annual)

Down Payment

$49,584 on $247,922

Example: $75,000 household income. Change it above to see your own.

Affordable26.2% 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.

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