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These days, finding an affordable place to live in the 56017 area can be challenging. Home prices in 56017 are now at a median cost of $321,454, lower than the Minnesota average of $345,793.
The average cost of rent is $1,018/mo in 56017, primarily driven by the current value of real estate in the 56017 area. In 56017, 16.73% of households rent, and 38.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56017 is $7,858 per month. Households that rent pay about 12.96% of their income on rent here. 56017’s most expensive areas are in the southern regions, while the cheapest areas are in the northern 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
- 56063, MN: higher priced homes
- 56050, MN: equally priced homes
- 56057, MN: less expensive homes
- 56082, MN: equally priced homes
- 56028, MN: equally priced homes
- 56058, MN: less expensive homes
- 56096, MN: less expensive homes
- 56052, MN: higher priced homes
- 56069, MN: less expensive homes
- 56074, MN: less expensive homes
Zip Codes with Similar Populations
- 76641, TX: less expensive homes
- 37360, TN: less expensive homes
- 39332, MS: less expensive homes
- 39425, MS: less expensive homes
- 47023, IN: less expensive homes
- 03043, NH: higher priced homes
- 54128, WI: less expensive homes
- 54631, WI: less expensive homes
- 56178, MN: less expensive homes
- 60150, IL: less expensive homes
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