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These days, finding an affordable place to live in the 56048 area can be challenging. Home prices in 56048 are now at a median cost of $249,255, lower than the Minnesota average of $345,793.
The average cost of rent is $850/mo in 56048, primarily driven by the current value of real estate in the 56048 area. In 56048, 11.90% of households rent, and 42.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56048 is $7,336 per month. Households that rent pay about 11.58% of their income on rent here. 56048’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
- 56028, MN: higher priced homes
- 56080, MN: equally priced homes
- 56078, MN: equally priced homes
- 56024, MN: higher priced homes
- 56063, MN: higher priced homes
- 56096, MN: higher priced homes
- 56093, MN: less expensive homes
- 56001, MN: higher priced homes
- 55052, MN: higher priced homes
- 56050, MN: higher priced homes
Zip Codes with Similar Populations
- 75691, TX: less expensive homes
- 27050, NC: less expensive homes
- 27541, NC: equally priced homes
- 27864, NC: less expensive homes
- 27874, NC: less expensive homes
- 28756, NC: higher priced homes
- 72947, AR: less expensive homes
- 75226, TX: higher priced homes
- 75251, TX: higher priced homes
- 26601, WV: less expensive homes
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