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These days, finding an affordable place to live in the 56063 area can be challenging. Home prices in 56063 are now at a median cost of $390,663, higher than the Minnesota average of $345,793.
The average cost of rent is $1,067/mo in 56063, primarily driven by the current value of real estate in the 56063 area. In 56063, 21.64% of households rent, and 38.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56063 is $9,018 per month. Households that rent pay about 11.83% of their income on rent here. 56063’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern 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
- 56024, MN: less expensive homes
- 56017, MN: less expensive homes
- 56028, MN: less expensive homes
- 56050, MN: less expensive homes
- 56001, MN: less expensive homes
- 56048, MN: less expensive homes
- 56082, MN: less expensive homes
- 56003, MN: less expensive homes
- 56096, MN: less expensive homes
- 56057, MN: less expensive homes
Zip Codes with Similar Populations
- 06330, CT: less expensive homes
- 62858, IL: less expensive homes
- 58784, ND: less expensive homes
- 75202, TX: higher priced homes
- 77534, TX: less expensive homes
- 80734, CO: less expensive homes
- 48755, MI: less expensive homes
- 48703, MI: less expensive homes
- 43046, OH: less expensive homes
- 37335, TN: less expensive homes
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