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These days, finding an affordable place to live in the 56115 area can be challenging. Home prices in 56115 are now at a median cost of $168,462, lower than the Minnesota average of $345,793.
The average cost of rent is $1,033/mo in 56115, primarily driven by the current value of real estate in the 56115 area. In 56115, 16.96% of households rent, and 47.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56115 is $6,306 per month. Households that rent pay about 16.38% of their income on rent here. 56115’s most expensive areas are in the northwestern 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
- 56132, MN: higher priced homes
- 56169, MN: higher priced homes
- 56170, MN: higher priced homes
- 56157, MN: higher priced homes
- 56178, MN: equally priced homes
- 56175, MN: less expensive homes
- 56113, MN: higher priced homes
- 56149, MN: equally priced homes
- 56180, MN: less expensive homes
- 56166, MN: less expensive homes
Zip Codes with Similar Populations
- 04479, ME: less expensive homes
- 06090, CT: higher priced homes
- 12814, NY: higher priced homes
- 12956, NY: less expensive homes
- 63621, MO: equally priced homes
- 72482, AR: less expensive homes
- 71763, AR: less expensive homes
- 70031, LA: higher priced homes
- 69347, NE: less expensive homes
- 68636, NE: less expensive homes
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