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These days, finding an affordable place to live in the 56046 area can be challenging. Home prices in 56046 are now at a median cost of $258,700, lower than the Minnesota average of $345,793.
The average cost of rent is $1,188/mo in 56046, primarily driven by the current value of real estate in the 56046 area. In 56046, 3.66% of households rent, and 41.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56046 is $8,877 per month. Households that rent pay about 13.38% of their income on rent here. 56046’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
- 56026, MN: less expensive homes
- 55060, MN: equally priced homes
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- 56072, MN: less expensive homes
- 55917, MN: less expensive homes
- 56093, MN: less expensive homes
- 55924, MN: equally priced homes
- 56042, MN: less expensive homes
- 56091, MN: less expensive homes
- 55927, MN: equally priced homes
Zip Codes with Similar Populations
- 79776, TX: less expensive homes
- 56577, MN: equally priced homes
- 56720, MN: less expensive homes
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- 78670, TX: higher priced homes
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- 79002, TX: less expensive homes
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