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These days, finding an affordable place to live in the 56042 area can be challenging. Home prices in 56042 are now at a median cost of $205,978, lower than the Minnesota average of $345,793.
The average cost of rent is $611/mo in 56042, primarily driven by the current value of real estate in the 56042 area. In 56042, 13.40% of households rent, and 42.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56042 is $7,282 per month. Households that rent pay about 8.40% of their income on rent here. 56042’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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
- 56032, MN: less expensive homes
- 56072, MN: equally priced homes
- 56016, MN: equally priced homes
- 56026, MN: equally priced homes
- 56035, MN: equally priced homes
- 56097, MN: less expensive homes
- 56091, MN: equally priced homes
- 56045, MN: equally priced homes
- 56046, MN: higher priced homes
- 56068, MN: less expensive homes
Zip Codes with Similar Populations
- 99658, AK: less expensive homes
- 03853, NH: higher priced homes
- 04535, ME: higher priced homes
- 04763, ME: less expensive homes
- 12503, NY: higher priced homes
- 12494, NY: higher priced homes
- 05062, VT: higher priced homes
- 05778, VT: higher priced homes
- 15362, PA: less expensive homes
- 08345, NJ: equally priced homes
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