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These days, finding an affordable place to live in the 56027 area can be challenging. Home prices in 56027 are now at a median cost of $101,894, lower than the Minnesota average of $345,793.
The average cost of rent is $964/mo in 56027, primarily driven by the current value of real estate in the 56027 area. In 56027, 19.80% of households rent, and 64.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56027 is $4,505 per month. Households that rent pay about 21.40% of their income on rent here. 56027’s most expensive areas are in the southwestern 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
- 50556, IA: higher priced homes
- 56013, MN: higher priced homes
- 50465, IA: less expensive homes
- 56033, MN: higher priced homes
- 56014, MN: higher priced homes
- 56039, MN: higher priced homes
- 56051, MN: less expensive homes
- 56031, MN: higher priced homes
- 50514, IA: higher priced homes
- 50473, IA: higher priced homes
Zip Codes with Similar Populations
- 04616, ME: higher priced homes
- 12489, NY: higher priced homes
- 62628, IL: higher priced homes
- 56453, MN: higher priced homes
- 56576, MN: higher priced homes
- 56644, MN: higher priced homes
- 56686, MN: higher priced homes
- 57221, SD: higher priced homes
- 58740, ND: higher priced homes
- 59027, MT: higher priced homes
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