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These days, finding an affordable place to live in the 56081 area can be challenging. Home prices in 56081 are now at a median cost of $154,438, lower than the Minnesota average of $345,793.
The average cost of rent is $807/mo in 56081, primarily driven by the current value of real estate in the 56081 area. In 56081, 27.63% of households rent, and 48.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56081 is $5,783 per month. Households that rent pay about 13.96% of their income on rent here. 56081’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central 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
- 56056, MN: higher priced homes
- 56120, MN: less expensive homes
- 56162, MN: higher priced homes
- 56060, MN: equally priced homes
- 56160, MN: higher priced homes
- 56062, MN: higher priced homes
- 56022, MN: higher priced homes
- 56088, MN: less expensive homes
- 56159, MN: higher priced homes
- 56118, MN: higher priced homes
Zip Codes with Similar Populations
- 73448, OK: higher priced homes
- 14514, NY: higher priced homes
- 15089, PA: higher priced homes
- 17007, PA: higher priced homes
- 17569, PA: higher priced homes
- 18947, PA: higher priced homes
- 21154, MD: higher priced homes
- 21903, MD: higher priced homes
- 22572, VA: higher priced homes
- 22851, VA: higher priced homes
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