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These days, finding an affordable place to live in the 56007 area can be challenging. Home prices in 56007 are now at a median cost of $136,377, lower than the Minnesota average of $269,934.
The average cost of rent is $830/mo in 56007, primarily driven by the current value of real estate in the 56007 area. While nearly 45.94% of residents own their homes outright in 56007, 21.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56007 is $5,045 per month. Households that rent pay about 16.46% of their income on rent here. 56007's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 56043, MN: equally priced homes
- 56089, MN: higher priced homes
- 56016, MN: higher priced homes
- 56020, MN: higher priced homes
- 56036, MN: equally priced homes
- 56009, MN: equally priced homes
- 56045, MN: higher priced homes
- 56029, MN: less expensive homes
- 56032, MN: higher priced homes
- 56097, MN: less expensive homes
Zip Codes with Similar Populations
- 08550, NJ: higher priced homes
- 10543, NY: higher priced homes
- 11768, NY: higher priced homes
- 12144, NY: higher priced homes
- 12304, NY: equally priced homes
- 14072, NY: higher priced homes
- 15239, PA: higher priced homes
- 53005, WI: higher priced homes
- 78148, TX: higher priced homes
- 76082, TX: higher priced homes
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