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These days, finding an affordable place to live in the 56114 area can be challenging. Home prices in 56114 are now at a median cost of $124,810, lower than the Minnesota average of $269,934.
The average cost of rent is $1,049/mo in 56114, primarily driven by the current value of real estate in the 56114 area. While nearly 59.72% of residents own their homes outright in 56114, 11.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56114 is $5,851 per month. Households that rent pay about 17.93% of their income on rent here. 56114's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 56125, MN: equally priced homes
- 56131, MN: equally priced homes
- 56172, MN: higher priced homes
- 56123, MN: higher priced homes
- 56141, MN: less expensive homes
- 56183, MN: less expensive homes
- 56174, MN: equally priced homes
- 56151, MN: equally priced homes
- 56122, MN: less expensive homes
- 56137, MN: equally priced homes
Zip Codes with Similar Populations
- 74543, OK: higher priced homes
- 54861, WI: higher priced homes
- 57644, SD: equally priced homes
- 58424, ND: equally priced homes
- 58649, ND: less expensive homes
- 58650, ND: less expensive homes
- 68950, NE: higher priced homes
- 69167, NE: less expensive homes
- 71724, AR: less expensive homes
- 71972, AR: less expensive homes
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