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These days, finding an affordable place to live in the 56085 area can be challenging. Home prices in 56085 are now at a median cost of $175,825, lower than the Minnesota average of $345,793.
The average cost of rent is $790/mo in 56085, primarily driven by the current value of real estate in the 56085 area. In 56085, 17.28% of households rent, and 46.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56085 is $6,396 per month. Households that rent pay about 12.35% of their income on rent here. 56085’s most expensive areas are in the southeastern 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
- 56073, MN: higher priced homes
- 56087, MN: less expensive homes
- 56041, MN: equally priced homes
- 56019, MN: higher priced homes
- 56224, MN: equally priced homes
- 56021, MN: higher priced homes
- 56083, MN: less expensive homes
- 56294, MN: higher priced homes
- 56074, MN: higher priced homes
- 56152, MN: less expensive homes
Zip Codes with Similar Populations
- 28634, NC: less expensive homes
- 78025, TX: higher priced homes
- 78014, TX: less expensive homes
- 77856, TX: higher priced homes
- 77659, TX: higher priced homes
- 77050, TX: less expensive homes
- 76059, TX: higher priced homes
- 75831, TX: less expensive homes
- 74120, OK: higher priced homes
- 30543, GA: higher priced homes
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