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These days, finding an affordable place to live in the 56031 area can be challenging. Home prices in 56031 are now at a median cost of $149,681, lower than the Minnesota average of $269,934.
The average cost of rent is $803/mo in 56031, primarily driven by the current value of real estate in the 56031 area. While nearly 43.70% of residents own their homes outright in 56031, 30.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56031 is $5,363 per month. Households that rent pay about 14.98% of their income on rent here. 56031's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 56075, MN: equally priced homes
- 56039, MN: equally priced homes
- 56181, MN: less expensive homes
- 56121, MN: less expensive homes
- 56047, MN: higher priced homes
- 56171, MN: less expensive homes
- 56176, MN: less expensive homes
- 56127, MN: less expensive homes
- 56098, MN: less expensive homes
- 56013, MN: less expensive homes
Zip Codes with Similar Populations
- 43103, OH: higher priced homes
- 76054, TX: higher priced homes
- 75462, TX: higher priced homes
- 70647, LA: higher priced homes
- 48609, MI: equally priced homes
- 47119, IN: higher priced homes
- 45015, OH: less expensive homes
- 44074, OH: higher priced homes
- 43205, OH: higher priced homes
- 77030, TX: higher priced homes
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