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These days, finding an affordable place to live in the 56056 area can be challenging. Home prices in 56056 are now at a median cost of $175,000, lower than the Minnesota average of $269,934.
The average cost of rent is $652/mo in 56056, primarily driven by the current value of real estate in the 56056 area. While nearly 53.98% of residents own their homes outright in 56056, 3.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56056 is $6,250 per month. Households that rent pay about 10.43% of their income on rent here. 56056's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 56041, MN: less expensive homes
- 56081, MN: less expensive homes
- 56062, MN: less expensive homes
- 56060, MN: less expensive homes
- 56022, MN: less expensive homes
- 56120, MN: less expensive homes
- 56019, MN: less expensive homes
- 56055, MN: equally priced homes
- 56034, MN: higher priced homes
- 56159, MN: less expensive homes
Zip Codes with Similar Populations
- 04940, ME: less expensive homes
- 10519, NY: higher priced homes
- 10985, NY: higher priced homes
- 70585, LA: less expensive homes
- 71662, AR: less expensive homes
- 70558, LA: higher priced homes
- 70550, LA: less expensive homes
- 70391, LA: higher priced homes
- 70340, LA: less expensive homes
- 70050, LA: less expensive homes
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