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These days, finding an affordable place to live in the 56078 area can be challenging. Home prices in 56078 are now at a median cost of $237,636, lower than the Minnesota average of $345,793.
The average cost of rent is $1,345/mo in 56078, primarily driven by the current value of real estate in the 56078 area. In 56078, 6.52% of households rent, and 39.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56078 is $8,206 per month. Households that rent pay about 16.39% of their income on rent here. 56078’s most expensive areas are in the northwestern 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
- 56080, MN: equally priced homes
- 56091, MN: equally priced homes
- 56048, MN: equally priced homes
- 56065, MN: equally priced homes
- 56024, MN: higher priced homes
- 56037, MN: higher priced homes
- 56093, MN: less expensive homes
- 56001, MN: higher priced homes
- 56003, MN: higher priced homes
- 56034, MN: higher priced homes
Zip Codes with Similar Populations
- 97122, OR: higher priced homes
- 57227, SD: higher priced homes
- 57268, SD: equally priced homes
- 57317, SD: less expensive homes
- 97622, OR: higher priced homes
- 57788, SD: higher priced homes
- 58374, ND: less expensive homes
- 58467, ND: less expensive homes
- 58487, ND: less expensive homes
- 57219, SD: less expensive homes
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