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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 $142,922, lower than the Minnesota average of $345,793.
The average cost of rent is $771/mo in 56087, primarily driven by the current value of real estate in the 56087 area. In 56087, 21.96% of households rent, and 56.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56087 is $5,349 per month. Households that rent pay about 14.41% of their income on rent here. 56087’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
- 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: equally priced homes
- 56166, MN: less expensive homes
- 56041, MN: higher priced homes
- 56180, MN: equally priced 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: higher priced homes
- 30538, GA: higher priced homes
- 27356, NC: higher priced homes
- 23920, VA: equally priced homes
- 16617, PA: higher priced homes
- 16157, PA: equally priced homes
- 14561, NY: higher priced homes
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