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These days, finding an affordable place to live in the 56034 area can be challenging. Home prices in 56034 are now at a median cost of $266,976, lower than the Minnesota average of $345,793.
The average cost of rent is $906/mo in 56034, primarily driven by the current value of real estate in the 56034 area. In 56034, 13.37% of households rent, and 50.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56034 is $7,917 per month. Households that rent pay about 11.45% of their income on rent here. 56034’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern 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
- 56055, MN: less expensive homes
- 56090, MN: less expensive homes
- 56037, MN: equally priced homes
- 56003, MN: higher priced homes
- 56062, MN: less expensive homes
- 56001, MN: equally priced homes
- 56065, MN: less expensive homes
- 56060, MN: less expensive homes
- 56080, MN: equally priced homes
- 56024, MN: equally priced homes
Zip Codes with Similar Populations
- 04544, ME: higher priced homes
- 99826, AK: higher priced homes
- 99689, AK: less expensive homes
- 99620, AK: less expensive homes
- 98279, WA: higher priced homes
- 87072, NM: less expensive homes
- 83627, ID: less expensive homes
- 81433, CO: higher priced homes
- 56651, MN: less expensive homes
- 36916, AL: less expensive homes
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