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These days, finding an affordable place to live in the 56054 area can be challenging. Home prices in 56054 are now at a median cost of $225,461, lower than the Minnesota average of $345,793.
The average cost of rent is $949/mo in 56054, primarily driven by the current value of real estate in the 56054 area. In 56054, 11.15% of households rent, and 43.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56054 is $7,730 per month. Households that rent pay about 12.28% of their income on rent here. 56054’s most expensive areas are in the southwestern 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
- 55396, MN: less expensive homes
- 56073, MN: equally priced homes
- 55335, MN: less expensive homes
- 55334, MN: less expensive homes
- 55332, MN: less expensive homes
- 56082, MN: higher priced homes
- 56058, MN: higher priced homes
- 56044, MN: higher priced homes
- 55333, MN: less expensive homes
- 56266, MN: less expensive homes
Zip Codes with Similar Populations
- 25512, WV: less expensive homes
- 03450, NH: higher priced homes
- 03846, NH: higher priced homes
- 04643, ME: less expensive homes
- 87553, NM: equally priced homes
- 83325, ID: higher priced homes
- 08738, NJ: higher priced homes
- 01245, MA: higher priced homes
- 13750, NY: less expensive homes
- 14769, NY: less expensive homes
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