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These days, finding an affordable place to live in the 56073 area can be challenging. Home prices in 56073 are now at a median cost of $229,942, lower than the Minnesota average of $345,793.
The average cost of rent is $956/mo in 56073, primarily driven by the current value of real estate in the 56073 area. In 56073, 21.99% of households rent, and 44.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56073 is $6,252 per month. Households that rent pay about 15.30% of their income on rent here. 56073’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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
- 56021, MN: higher priced homes
- 56054, MN: equally priced homes
- 56085, MN: less expensive homes
- 56074, MN: higher priced homes
- 56266, MN: less expensive homes
- 56082, MN: higher priced homes
- 56087, MN: less expensive homes
- 56050, MN: higher priced homes
- 56058, MN: higher priced homes
- 56224, MN: less expensive homes
Zip Codes with Similar Populations
- 02351, MA: higher priced homes
- 98321, WA: higher priced homes
- 94301, CA: higher priced homes
- 80305, CO: higher priced homes
- 77619, TX: less expensive homes
- 77098, TX: higher priced homes
- 75751, TX: less expensive homes
- 75672, TX: less expensive homes
- 28472, NC: less expensive homes
- 27523, NC: higher priced homes
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