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These days, finding an affordable place to live in the 56020 area can be challenging. Home prices in 56020 are now at a median cost of $198,200, lower than the Minnesota average of $269,934.
The average cost of rent is $600/mo in 56020, primarily driven by the current value of real estate in the 56020 area. While nearly 48.97% of residents own their homes outright in 56020, 7.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56020 is $6,362 per month. Households that rent pay about 9.43% of their income on rent here. 56020's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 56009, MN: less expensive homes
- 56089, MN: equally priced homes
- 56029, MN: less expensive homes
- 56007, MN: less expensive homes
- 56051, MN: less expensive homes
- 56032, MN: less expensive homes
- 56097, MN: less expensive homes
- 56016, MN: less expensive homes
- 56036, MN: less expensive homes
- 56014, MN: less expensive homes
Zip Codes with Similar Populations
- 03238, NH: less expensive homes
- 03575, NH: equally priced homes
- 03897, NH: higher priced homes
- 03911, ME: higher priced homes
- 04006, ME: higher priced homes
- 65246, MO: less expensive homes
- 67628, KS: less expensive homes
- 67553, KS: less expensive homes
- 66955, KS: less expensive homes
- 66946, KS: less expensive homes
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