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These days, finding an affordable place to live in the 56057 area can be challenging. Home prices in 56057 are now at a median cost of $264,141, lower than the Minnesota average of $345,793.
The average cost of rent is $1,084/mo in 56057, primarily driven by the current value of real estate in the 56057 area. In 56057, 22.87% of households rent, and 36.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56057 is $7,965 per month. Households that rent pay about 13.61% of their income on rent here. 56057’s most expensive areas are in the southern 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
- 56017, MN: higher priced homes
- 56069, MN: equally priced homes
- 56052, MN: higher priced homes
- 56058, MN: higher priced homes
- 56028, MN: higher priced homes
- 56082, MN: higher priced homes
- 56063, MN: higher priced homes
- 56096, MN: equally priced homes
- 56050, MN: higher priced homes
- 55046, MN: higher priced homes
Zip Codes with Similar Populations
- 76066, TX: higher priced homes
- 27976, NC: higher priced homes
- 28605, NC: higher priced homes
- 28751, NC: higher priced homes
- 29353, SC: less expensive homes
- 29924, SC: less expensive homes
- 30602, GA: higher priced homes
- 30734, GA: equally priced homes
- 75472, TX: less expensive homes
- 27883, NC: less expensive homes
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