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These days, finding an affordable place to live in the 56117 area can be challenging. Home prices in 56117 are now at a median cost of $168,381, lower than the Minnesota average of $345,793.
The average cost of rent is $1,124/mo in 56117, primarily driven by the current value of real estate in the 56117 area. In 56117, 24.08% of households rent, and 40.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56117 is $6,601 per month. Households that rent pay about 17.03% of their income on rent here. 56117’s most expensive areas are in the northeastern 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
- 51249, IA: equally priced homes
- 56187, MN: higher priced homes
- 56168, MN: equally priced homes
- 51354, IA: less expensive homes
- 51243, IA: less expensive homes
- 56167, MN: higher priced homes
- 51345, IA: less expensive homes
- 56110, MN: equally priced homes
- 56129, MN: less expensive homes
- 51347, IA: higher priced homes
Zip Codes with Similar Populations
- 69141, NE: less expensive homes
- 49796, MI: higher priced homes
- 49820, MI: higher priced homes
- 49910, MI: less expensive homes
- 50074, IA: higher priced homes
- 50611, IA: less expensive homes
- 51572, IA: less expensive homes
- 52072, IA: equally priced homes
- 68846, NE: higher priced homes
- 68980, NE: equally priced homes
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