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These days, finding an affordable place to live in the 56087 area can be challenging. Home prices in 56087 are now at a median cost of $120,201, lower than the Minnesota average of $269,934.
The average cost of rent is $678/mo in 56087, primarily driven by the current value of real estate in the 56087 area. While nearly 54.53% of residents own their homes outright in 56087, 22.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56087 is $4,958 per month. Households that rent pay about 13.67% of their income on rent here. 56087's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 56083, MN: less expensive homes
- 56019, MN: higher priced homes
- 56224, MN: higher priced homes
- 56294, MN: higher priced homes
- 56085, MN: higher priced homes
- 56152, MN: less expensive homes
- 56166, MN: less expensive homes
- 56041, MN: higher priced homes
- 56180, MN: less expensive homes
- 56073, MN: higher priced homes
Zip Codes with Similar Populations
- 18372, PA: higher priced homes
- 04008, ME: higher priced homes
- 36273, AL: higher priced homes
- 32094, FL: equally priced homes
- 30538, GA: equally priced homes
- 27356, NC: equally priced homes
- 23920, VA: higher priced homes
- 16617, PA: higher priced homes
- 16157, PA: equally priced homes
- 14561, NY: higher priced homes
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