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These days, finding an affordable place to live in the 56089 area can be challenging. Home prices in 56089 are now at a median cost of $256,000, lower than the Minnesota average of $345,793.
The average cost of rent is $563/mo in 56089, primarily driven by the current value of real estate in the 56089 area. In 56089, 7.52% of households rent, and 55.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56089 is $6,864 per month. Households that rent pay about 8.20% of their income on rent here. 56089’s most expensive areas are in the central 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
- 56029, MN: less expensive homes
- 56020, MN: equally priced homes
- 56007, MN: less expensive homes
- 56036, MN: less expensive homes
- 56009, MN: less expensive homes
- 56043, MN: less expensive homes
- 50450, IA: less expensive homes
- 50459, IA: less expensive homes
- 50473, IA: less expensive homes
- 56051, MN: less expensive homes
Zip Codes with Similar Populations
- 06243, CT: higher priced homes
- 12792, NY: equally priced homes
- 12031, NY: equally priced homes
- 12024, NY: higher priced homes
- 98297, WA: higher priced homes
- 12811, NY: equally priced homes
- 08248, NJ: higher priced homes
- 06336, CT: equally priced homes
- 06264, CT: higher priced homes
- 12812, NY: equally priced homes
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