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These days, finding an affordable place to live in the 56101 area can be challenging. Home prices in 56101 are now at a median cost of $145,464, lower than the Minnesota average of $269,934.
The average cost of rent is $743/mo in 56101, primarily driven by the current value of real estate in the 56101 area. While nearly 46.45% of residents own their homes outright in 56101, 25.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56101 is $5,374 per month. Households that rent pay about 13.82% of their income on rent here. 56101's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 56118, MN: higher priced homes
- 56159, MN: less expensive homes
- 56137, MN: less expensive homes
- 56161, MN: equally priced homes
- 56120, MN: less expensive homes
- 56160, MN: higher priced homes
- 56119, MN: equally priced homes
- 56176, MN: less expensive homes
- 56162, MN: higher priced homes
- 56131, MN: less expensive homes
Zip Codes with Similar Populations
- 72417, AR: equally priced homes
- 14706, NY: less expensive homes
- 16735, PA: less expensive homes
- 17073, PA: higher priced homes
- 17307, PA: higher priced homes
- 17314, PA: higher priced homes
- 63461, MO: equally priced homes
- 22821, VA: higher priced homes
- 22824, VA: higher priced homes
- 22973, VA: higher priced homes
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