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These days, finding an affordable place to live in the 56098 area can be challenging. Home prices in 56098 are now at a median cost of $139,147, lower than the Minnesota average of $345,793.
The average cost of rent is $754/mo in 56098, primarily driven by the current value of real estate in the 56098 area. In 56098, 21.54% of households rent, and 53.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56098 is $5,414 per month. Households that rent pay about 13.92% of their income on rent here. 56098’s most expensive areas are in the southwestern 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
- 56047, MN: higher priced homes
- 56023, MN: higher priced homes
- 56010, MN: higher priced homes
- 56013, MN: higher priced homes
- 56039, MN: higher priced homes
- 56075, MN: higher priced homes
- 56025, MN: higher priced homes
- 56088, MN: equally priced homes
- 56031, MN: higher priced homes
- 56068, MN: higher priced homes
Zip Codes with Similar Populations
- 76630, TX: higher priced homes
- 23954, VA: higher priced homes
- 23960, VA: higher priced homes
- 25555, WV: equally priced homes
- 28684, NC: higher priced homes
- 29152, SC: higher priced homes
- 83622, ID: higher priced homes
- 38573, TN: higher priced homes
- 79346, TX: less expensive homes
- 03266, NH: higher priced homes
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