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These days, finding an affordable place to live in the 56032 area can be challenging. Home prices in 56032 are now at a median cost of $181,900, lower than the Minnesota average of $345,793.
The average cost of rent is $850/mo in 56032, primarily driven by the current value of real estate in the 56032 area. In 56032, 20.69% of households rent, and 56.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56032 is $6,714 per month. Households that rent pay about 12.66% of their income on rent here. 56032’s most expensive areas are in the central 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
- 56042, MN: higher priced homes
- 56009, MN: equally priced homes
- 56097, MN: less expensive homes
- 56072, MN: higher priced homes
- 56020, MN: higher priced homes
- 56016, MN: higher priced homes
- 56007, MN: equally priced homes
- 56068, MN: equally priced homes
- 56026, MN: higher priced homes
- 56035, MN: higher priced homes
Zip Codes with Similar Populations
- 73021, OK: higher priced homes
- 56236, MN: equally priced homes
- 56295, MN: less expensive homes
- 56376, MN: higher priced homes
- 56660, MN: less expensive homes
- 01243, MA: higher priced homes
- 57322, SD: higher priced homes
- 58015, ND: higher priced homes
- 58429, ND: higher priced homes
- 58476, ND: higher priced homes
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