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These days, finding an affordable place to live in the 56119 area can be challenging. Home prices in 56119 are now at a median cost of $184,285, lower than the Minnesota average of $345,793.
The average cost of rent is $758/mo in 56119, primarily driven by the current value of real estate in the 56119 area. In 56119, 25.11% of households rent, and 54.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56119 is $7,272 per month. Households that rent pay about 10.42% of their income on rent here. 56119’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
- 56161, MN: equally priced homes
- 56187, MN: higher priced homes
- 56137, MN: less expensive homes
- 56165, MN: higher priced homes
- 56131, MN: equally priced homes
- 56150, MN: less expensive homes
- 56168, MN: equally priced homes
- 56185, MN: equally priced homes
- 56141, MN: equally priced homes
- 56101, MN: equally priced homes
Zip Codes with Similar Populations
- 14754, NY: less expensive homes
- 95017, CA: higher priced homes
- 93218, CA: higher priced homes
- 55919, MN: higher priced homes
- 97135, OR: higher priced homes
- 97488, OR: higher priced homes
- 20144, VA: higher priced homes
- 16854, PA: higher priced homes
- 16440, PA: equally priced homes
- 15742, PA: less expensive homes
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