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These days, finding an affordable place to live in the 56113 area can be challenging. Home prices in 56113 are now at a median cost of $233,640, lower than the Minnesota average of $345,793.
The average cost of rent is $819/mo in 56113, primarily driven by the current value of real estate in the 56113 area. In 56113, 7.34% of households rent, and 59.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56113 is $7,871 per month. Households that rent pay about 10.41% of their income on rent here. 56113’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern 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
- 56142, MN: less expensive homes
- 56178, MN: less expensive homes
- 56149, MN: less expensive homes
- 56169, MN: less expensive homes
- 56157, MN: higher priced homes
- 56136, MN: less expensive homes
- 56115, MN: less expensive homes
- 57026, SD: equally priced homes
- 56258, MN: equally priced homes
- 57276, SD: higher priced homes
Zip Codes with Similar Populations
- 68945, NE: higher priced homes
- 59525, MT: less expensive homes
- 59720, MT: higher priced homes
- 59929, MT: higher priced homes
- 60111, IL: higher priced homes
- 61452, IL: less expensive homes
- 62887, IL: less expensive homes
- 62967, IL: less expensive homes
- 63140, MO: less expensive homes
- 63557, MO: less expensive homes
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