Expensive
Affordable
Affordable
Colorblind friendly
off
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 $256,000, lower than the Minnesota average of $345,793.
The average cost of rent is $563/mo in 56020, primarily driven by the current value of real estate in the 56020 area. In 56020, 7.52% of households rent, and 55.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56020 is $6,864 per month. Households that rent pay about 8.20% of their income on rent here. 56020’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 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: equally priced homes
- 03575, NH: higher 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
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood