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These days, finding an affordable place to live in the 56001 area can be challenging. Home prices in 56001 are now at a median cost of $226,216, lower than the Minnesota average of $269,934.
The average cost of rent is $1,135/mo in 56001, primarily driven by the current value of real estate in the 56001 area. While nearly 39.18% of residents own their homes outright in 56001, 39.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56001 is $5,457 per month. Households that rent pay about 20.79% of their income on rent here. 56001's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 56003, MN: equally priced homes
- 56024, MN: equally priced homes
- 56050, MN: higher priced homes
- 56080, MN: less expensive homes
- 56037, MN: higher priced homes
- 56063, MN: higher priced homes
- 56055, MN: less expensive homes
- 56034, MN: equally priced homes
- 56074, MN: equally priced homes
- 56048, MN: less expensive homes
Zip Codes with Similar Populations
- 99336, WA: equally priced homes
- 30236, GA: less expensive homes
- 97702, OR: higher priced homes
- 98023, WA: higher priced homes
- 98034, WA: higher priced homes
- 23455, VA: higher priced homes
- 98092, WA: higher priced homes
- 98133, WA: higher priced homes
- 98258, WA: higher priced homes
- 98387, WA: higher priced homes
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