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These days, finding an affordable place to live in the 56047 area can be challenging. Home prices in 56047 are now at a median cost of $165,600, lower than the Minnesota average of $269,934.
The average cost of rent is $588/mo in 56047, primarily driven by the current value of real estate in the 56047 area. While nearly 43.67% of residents own their homes outright in 56047, 6.53% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56047 is $6,701 per month. Households that rent pay about 8.77% of their income on rent here. 56047's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 56098, MN: less expensive homes
- 56039, MN: less expensive homes
- 56013, MN: less expensive homes
- 56075, MN: equally priced homes
- 56023, MN: less expensive homes
- 56010, MN: less expensive homes
- 56088, MN: less expensive homes
- 56031, MN: less expensive homes
- 56025, MN: less expensive homes
- 56181, MN: less expensive homes
Zip Codes with Similar Populations
- 02713, MA: higher priced homes
- 08890, NJ: higher priced homes
- 74722, OK: less expensive homes
- 75849, TX: less expensive homes
- 72340, AR: less expensive homes
- 72332, AR: less expensive homes
- 72325, AR: higher priced homes
- 72149, AR: less expensive homes
- 71820, AR: less expensive homes
- 71748, AR: less expensive homes
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