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These days, finding an affordable place to live in the 56009 area can be challenging. Home prices in 56009 are now at a median cost of $178,788, lower than the Minnesota average of $345,793.
The average cost of rent is $848/mo in 56009, primarily driven by the current value of real estate in the 56009 area. In 56009, 14.11% of households rent, and 50.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56009 is $6,341 per month. Households that rent pay about 13.37% of their income on rent here. 56009’s most expensive areas are in the eastern 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
- 56020, MN: higher priced homes
- 56032, MN: equally priced homes
- 56097, MN: less expensive homes
- 56007, MN: equally priced homes
- 56089, MN: higher priced homes
- 56029, MN: less expensive homes
- 56051, MN: less expensive homes
- 56016, MN: higher priced homes
- 56014, MN: less expensive homes
- 56043, MN: equally priced homes
Zip Codes with Similar Populations
- 76371, TX: less expensive homes
- 41183, KY: less expensive homes
- 42528, KY: less expensive homes
- 43106, OH: less expensive homes
- 43533, OH: equally priced homes
- 43727, OH: equally priced homes
- 43778, OH: equally priced homes
- 44032, OH: equally priced homes
- 45337, OH: higher priced homes
- 45889, OH: higher priced homes
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