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These days, finding an affordable place to live in the 56011 area can be challenging. Home prices in 56011 are now at a median cost of $278,779, higher than the Minnesota average of $269,934.
The average cost of rent is $1,366/mo in 56011, primarily driven by the current value of real estate in the 56011 area. While nearly 30.75% of residents own their homes outright in 56011, 11.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56011 is $7,558 per month. Households that rent pay about 18.08% of their income on rent here. 56011's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 55352, MN: higher priced homes
- 56044, MN: less expensive homes
- 55322, MN: higher priced homes
- 56071, MN: higher priced homes
- 55315, MN: higher priced homes
- 55338, MN: equally priced homes
- 55368, MN: less expensive homes
- 55339, MN: less expensive homes
- 55397, MN: equally priced homes
- 55307, MN: less expensive homes
Zip Codes with Similar Populations
- 06906, CT: higher priced homes
- 38570, TN: less expensive homes
- 07760, NJ: higher priced homes
- 06798, CT: higher priced homes
- 06786, CT: less expensive homes
- 06269, CT: equally priced homes
- 04938, ME: less expensive homes
- 04412, ME: less expensive homes
- 02664, MA: higher priced homes
- 63144, MO: higher priced homes
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