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These days, finding an affordable place to live in the 56024 area can be challenging. Home prices in 56024 are now at a median cost of $289,182, lower than the Minnesota average of $345,793.
The average cost of rent is $1,385/mo in 56024, primarily driven by the current value of real estate in the 56024 area. In 56024, 28.67% of households rent, and 37.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56024 is $6,995 per month. Households that rent pay about 19.80% of their income on rent here. 56024’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
- 56063, MN: higher priced homes
- 56001, MN: equally priced homes
- 56080, MN: less expensive homes
- 56003, MN: equally priced homes
- 56050, MN: higher priced homes
- 56048, MN: less expensive homes
- 56028, MN: higher priced homes
- 56078, MN: less expensive homes
- 56037, MN: equally priced homes
- 56096, MN: equally priced homes
Zip Codes with Similar Populations
- 02635, MA: higher priced homes
- 65704, MO: less expensive homes
- 55917, MN: less expensive homes
- 55032, MN: higher priced homes
- 45118, OH: less expensive homes
- 75792, TX: less expensive homes
- 24104, VA: higher priced homes
- 18660, PA: less expensive homes
- 12015, NY: equally priced homes
- 10004, NY: higher priced homes
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