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These days, finding an affordable place to live in the 56060 area can be challenging. Home prices in 56060 are now at a median cost of $163,232, lower than the Minnesota average of $345,793.
The average cost of rent is $890/mo in 56060, primarily driven by the current value of real estate in the 56060 area. In 56060, 15.29% of households rent, and 53.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56060 is $7,034 per month. Households that rent pay about 12.65% of their income on rent here. 56060’s most expensive areas are in the northern 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
- 56088, MN: less expensive homes
- 56062, MN: higher priced homes
- 56081, MN: equally priced homes
- 56056, MN: higher priced homes
- 56090, MN: higher priced homes
- 56010, MN: equally priced homes
- 56162, MN: higher priced homes
- 56034, MN: higher priced homes
- 56160, MN: higher priced homes
- 56120, MN: less expensive homes
Zip Codes with Similar Populations
- 50032, IA: equally priced homes
- 80474, CO: higher priced homes
- 79788, TX: equally priced homes
- 79742, TX: less expensive homes
- 79544, TX: less expensive homes
- 79046, TX: less expensive homes
- 55026, MN: higher priced homes
- 54850, WI: higher priced homes
- 54657, WI: higher priced homes
- 54485, WI: higher priced homes
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