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These days, finding an affordable place to live in the 56029 area can be challenging. Home prices in 56029 are now at a median cost of $134,340, lower than the Minnesota average of $345,793.
The average cost of rent is $824/mo in 56029, primarily driven by the current value of real estate in the 56029 area. In 56029, 13.93% of households rent, and 51.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56029 is $5,676 per month. Households that rent pay about 14.52% of their income on rent here. 56029’s most expensive areas are in the northeastern 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
- 56089, MN: higher priced homes
- 50450, IA: higher priced homes
- 56020, MN: higher priced homes
- 50473, IA: higher priced homes
- 56051, MN: less expensive homes
- 56009, MN: higher priced homes
- 56007, MN: higher priced homes
- 56036, MN: higher priced homes
- 50459, IA: higher priced homes
- 56043, MN: higher priced homes
Zip Codes with Similar Populations
- 05875, VT: higher priced homes
- 14816, NY: higher priced homes
- 13454, NY: equally priced homes
- 12930, NY: less expensive homes
- 12419, NY: higher priced homes
- 10578, NY: higher priced homes
- 07976, NJ: higher priced homes
- 05873, VT: higher priced homes
- 05775, VT: higher priced homes
- 05439, VT: higher priced homes
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