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These days, finding an affordable place to live in the 56097 area can be challenging. Home prices in 56097 are now at a median cost of $138,686, lower than the Minnesota average of $345,793.
The average cost of rent is $789/mo in 56097, primarily driven by the current value of real estate in the 56097 area. In 56097, 20.04% of households rent, and 55.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56097 is $5,386 per month. Households that rent pay about 14.65% of their income on rent here. 56097’s most expensive areas are in the northeastern 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
- 56032, MN: higher priced homes
- 56025, MN: higher priced homes
- 56009, MN: higher priced homes
- 56068, MN: higher priced homes
- 56020, MN: higher priced homes
- 56042, MN: higher priced homes
- 56023, MN: higher priced homes
- 56072, MN: higher priced homes
- 56007, MN: higher priced homes
- 56016, MN: higher priced homes
Zip Codes with Similar Populations
- 55032, MN: higher priced homes
- 97385, OR: higher priced homes
- 92036, CA: higher priced homes
- 89021, NV: higher priced homes
- 85377, AZ: higher priced homes
- 82431, WY: higher priced homes
- 76849, TX: higher priced homes
- 75792, TX: higher priced homes
- 71033, LA: higher priced homes
- 66736, KS: less expensive homes
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