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Affordable
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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 $260,900, lower than the Minnesota average of $345,793.
The average cost of rent is $836/mo in 56056, primarily driven by the current value of real estate in the 56056 area. In 56056, 5.22% of households rent, and 51.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56056 is $8,802 per month. Households that rent pay about 9.50% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: less expensive homes
- 56034, MN: equally 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: less expensive homes
- 70550, LA: less expensive homes
- 70391, LA: less expensive homes
- 70340, LA: less expensive homes
- 70050, LA: less expensive homes
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