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These days, finding an affordable place to live in the 56093 area can be challenging. Home prices in 56093 are now at a median cost of $212,251, lower than the Minnesota average of $345,793.
The average cost of rent is $1,015/mo in 56093, primarily driven by the current value of real estate in the 56093 area. In 56093, 22.98% of households rent, and 34.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56093 is $5,758 per month. Households that rent pay about 17.62% of their income on rent here. 56093’s most expensive areas are in the southwestern regions, while the cheapest areas are in the western 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
- 56048, MN: higher priced homes
- 56091, MN: equally priced homes
- 56046, MN: higher priced homes
- 55049, MN: higher priced homes
- 55060, MN: higher priced homes
- 56078, MN: higher priced homes
- 56080, MN: higher priced homes
- 56024, MN: higher priced homes
- 56065, MN: equally priced homes
- 56001, MN: higher priced homes
Zip Codes with Similar Populations
- 80863, CO: higher priced homes
- 29620, SC: less expensive homes
- 30622, GA: higher priced homes
- 31316, GA: equally priced homes
- 31535, GA: less expensive homes
- 32569, FL: higher priced homes
- 34103, FL: higher priced homes
- 35146, AL: higher priced homes
- 35653, AL: less expensive homes
- 36613, AL: less expensive homes
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