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These days, finding an affordable place to live in the 56021 area can be challenging. Home prices in 56021 are now at a median cost of $295,619, lower than the Minnesota average of $345,793.
The average cost of rent is $842/mo in 56021, primarily driven by the current value of real estate in the 56021 area. In 56021, 14.32% of households rent, and 40.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56021 is $7,771 per month. Households that rent pay about 10.83% of their income on rent here. 56021’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern 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
- 56073, MN: less expensive homes
- 56074, MN: equally priced homes
- 56055, MN: less expensive homes
- 56041, MN: less expensive homes
- 56003, MN: equally priced homes
- 56082, MN: equally priced homes
- 56001, MN: equally priced homes
- 56050, MN: higher priced homes
- 56085, MN: less expensive homes
- 56024, MN: equally priced homes
Zip Codes with Similar Populations
- 52751, IA: less expensive homes
- 71835, AR: less expensive homes
- 71826, AR: less expensive homes
- 68927, NE: less expensive homes
- 57075, SD: higher priced homes
- 56357, MN: higher priced homes
- 54964, WI: equally priced homes
- 54628, WI: less expensive homes
- 54611, WI: less expensive homes
- 54554, WI: equally priced homes
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