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These days, finding an affordable place to live in the 56043 area can be challenging. Home prices in 56043 are now at a median cost of $178,420, lower than the Minnesota average of $345,793.
The average cost of rent is $623/mo in 56043, primarily driven by the current value of real estate in the 56043 area. In 56043, 8.31% of households rent, and 37.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56043 is $8,293 per month. Households that rent pay about 7.51% of their income on rent here. 56043’s most expensive areas are in the northeastern 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
- 56007, MN: equally priced homes
- 56036, MN: equally priced homes
- 56045, MN: higher priced homes
- 56016, MN: higher priced homes
- 56089, MN: higher priced homes
- 55912, MN: equally priced homes
- 56020, MN: higher priced homes
- 55950, MN: higher priced homes
- 56009, MN: equally priced homes
- 56029, MN: less expensive homes
Zip Codes with Similar Populations
- 48721, MI: higher priced homes
- 74060, OK: higher priced homes
- 73736, OK: higher priced homes
- 73726, OK: less expensive homes
- 73537, OK: less expensive homes
- 73056, OK: less expensive homes
- 72739, AR: higher priced homes
- 72668, AR: equally priced homes
- 72536, AR: less expensive homes
- 72410, AR: less expensive homes
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