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These days, finding an affordable place to live in the 56062 area can be challenging. Home prices in 56062 are now at a median cost of $135,075, lower than the Minnesota average of $269,934.
The average cost of rent is $667/mo in 56062, primarily driven by the current value of real estate in the 56062 area. While nearly 44.17% of residents own their homes outright in 56062, 23.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56062 is $5,685 per month. Households that rent pay about 11.73% of their income on rent here. 56062's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 56056, MN: higher priced homes
- 56041, MN: higher priced homes
- 56060, MN: less expensive homes
- 56055, MN: higher priced homes
- 56081, MN: less expensive homes
- 56034, MN: higher priced homes
- 56090, MN: equally priced homes
- 56037, MN: higher priced homes
- 56120, MN: less expensive homes
- 56022, MN: equally priced homes
Zip Codes with Similar Populations
- 02639, MA: higher priced homes
- 20776, MD: higher priced homes
- 25123, WV: equally priced homes
- 41749, KY: less expensive homes
- 35958, AL: equally priced homes
- 78655, TX: higher priced homes
- 52342, IA: less expensive homes
- 54121, WI: equally priced homes
- 56358, MN: higher priced homes
- 57325, SD: higher priced homes
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