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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 $167,090, lower than the Minnesota average of $345,793.
The average cost of rent is $992/mo in 56007, primarily driven by the current value of real estate in the 56007 area. In 56007, 23.57% of households rent, and 46.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56007 is $5,920 per month. Households that rent pay about 16.76% of their income on rent here. 56007’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: higher priced homes
- 56009, MN: equally priced homes
- 56045, MN: higher priced homes
- 56029, MN: less expensive homes
- 56032, MN: equally 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: higher 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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