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These days, finding an affordable place to live in the 56110 area can be challenging. Home prices in 56110 are now at a median cost of $163,640, lower than the Minnesota average of $345,793.
The average cost of rent is $922/mo in 56110, primarily driven by the current value of real estate in the 56110 area. In 56110, 12.56% of households rent, and 51.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56110 is $6,090 per month. Households that rent pay about 15.14% of their income on rent here. 56110’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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
- 56158, MN: higher priced homes
- 56168, MN: equally priced homes
- 56129, MN: less expensive homes
- 56146, MN: higher priced homes
- 56155, MN: equally priced homes
- 56147, MN: higher priced homes
- 56185, MN: higher priced homes
- 56165, MN: higher priced homes
- 56156, MN: higher priced homes
- 56117, MN: equally priced homes
Zip Codes with Similar Populations
- 06349, CT: higher priced homes
- 29051, SC: equally priced homes
- 27252, NC: higher priced homes
- 24571, VA: higher priced homes
- 23937, VA: equally priced homes
- 23821, VA: equally priced homes
- 21640, MD: higher priced homes
- 18503, PA: higher priced homes
- 97049, OR: higher priced homes
- 15423, PA: higher priced homes
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