Median home value in zip code 56501 (Detroit Lakes, MN) is $351,043, up 2.8% year over year.

Home Value$351,043

YoY Change

+2.8%

Prices rising — worse for buyers.

Affordability

Enter your income for 56501 (Detroit Lakes).

Income (annual)

Down Payment

$70,209 on $351,043

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

Stretch36% of income

Above 28% but manageable with cuts.

PITI$2,253

P/I36%

Afford$273K

Gap-$78K

P&I $1,775Tax $328Ins $150

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

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