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Affordable
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These days, finding an affordable place to live in the 56033 area can be challenging. Home prices in 56033 are now at a median cost of $147,200, lower than the Minnesota average of $345,793.
The average cost of rent is $825/mo in 56033, primarily driven by the current value of real estate in the 56033 area. In 56033, 7.98% of households rent, and 62.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56033 is $6,910 per month. Households that rent pay about 11.94% of their income on rent here. 56033’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
- 56014, MN: less expensive homes
- 50465, IA: less expensive homes
- 56013, MN: higher priced homes
- 56027, MN: less expensive homes
- 56051, MN: less expensive homes
- 50473, IA: higher priced homes
- 50556, IA: higher priced homes
- 56009, MN: higher priced homes
- 56020, MN: higher priced homes
- 56029, MN: equally priced homes
Zip Codes with Similar Populations
- 51545, IA: less expensive homes
- 50120, IA: higher priced homes
- 50223, IA: higher priced homes
- 50274, IA: equally priced homes
- 50444, IA: higher priced homes
- 50457, IA: less expensive homes
- 50518, IA: higher priced homes
- 50599, IA: equally priced homes
- 50848, IA: higher priced homes
- 51366, IA: equally priced homes
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