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These days, finding an affordable place to live in the 56041 area can be challenging. Home prices in 56041 are now at a median cost of $184,563, lower than the Minnesota average of $345,793.
The average cost of rent is $779/mo in 56041, primarily driven by the current value of real estate in the 56041 area. In 56041, 15.69% of households rent, and 49.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56041 is $6,383 per month. Households that rent pay about 12.20% of their income on rent here. 56041’s most expensive areas are in the northwestern 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
- 56056, MN: higher priced homes
- 56062, MN: equally priced homes
- 56021, MN: higher priced homes
- 56085, MN: equally priced homes
- 56055, MN: higher priced homes
- 56022, MN: equally priced homes
- 56034, MN: higher priced homes
- 56074, MN: higher priced homes
- 56019, MN: equally priced homes
- 56087, MN: less expensive homes
Zip Codes with Similar Populations
- 54027, WI: higher priced homes
- 73546, OK: less expensive homes
- 68967, NE: less expensive homes
- 63655, MO: less expensive homes
- 62931, IL: less expensive homes
- 61467, IL: less expensive homes
- 58835, ND: higher priced homes
- 58040, ND: higher priced homes
- 57345, SD: equally priced homes
- 56120, MN: less expensive homes
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