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These days, finding an affordable place to live in the 56074 area can be challenging. Home prices in 56074 are now at a median cost of $209,471, lower than the Minnesota average of $269,934.
The average cost of rent is $1,105/mo in 56074, primarily driven by the current value of real estate in the 56074 area. While nearly 42.55% of residents own their homes outright in 56074, 22.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56074 is $6,902 per month. Households that rent pay about 16.01% of their income on rent here. 56074's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 56021, MN: higher priced homes
- 56003, MN: higher priced homes
- 56082, MN: equally priced homes
- 56050, MN: higher priced homes
- 56055, MN: less expensive homes
- 56001, MN: equally priced homes
- 56073, MN: less expensive homes
- 56024, MN: equally priced homes
- 56017, MN: higher priced homes
- 56041, MN: less expensive homes
Zip Codes with Similar Populations
- 03221, NH: higher priced homes
- 72840, AR: less expensive homes
- 25621, WV: less expensive homes
- 25571, WV: less expensive homes
- 22663, VA: higher priced homes
- 13652, NY: less expensive homes
- 13425, NY: less expensive homes
- 12910, NY: less expensive homes
- 03245, NH: higher priced homes
- 05674, VT: higher priced homes
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