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These days, finding an affordable place to live in the 56023 area can be challenging. Home prices in 56023 are now at a median cost of $163,948, lower than the Minnesota average of $345,793.
The average cost of rent is $1,006/mo in 56023, primarily driven by the current value of real estate in the 56023 area. In 56023, 12.85% of households rent, and 54.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56023 is $6,571 per month. Households that rent pay about 15.30% of their income on rent here. 56023’s most expensive areas are in the eastern 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
- 56025, MN: equally priced homes
- 56098, MN: less expensive homes
- 56013, MN: equally priced homes
- 56047, MN: higher priced homes
- 56068, MN: higher priced homes
- 56010, MN: equally priced homes
- 56097, MN: less expensive homes
- 56039, MN: higher priced homes
- 56075, MN: higher priced homes
- 56088, MN: less expensive homes
Zip Codes with Similar Populations
- 59031, MT: less expensive homes
- 56280, MN: higher priced homes
- 56523, MN: higher priced homes
- 56536, MN: higher priced homes
- 02325, MA: higher priced homes
- 56652, MN: higher priced homes
- 57536, SD: higher priced homes
- 58544, ND: less expensive homes
- 58705, ND: higher priced homes
- 58750, ND: higher priced homes
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