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These days, finding an affordable place to live in the 56120 area can be challenging. Home prices in 56120 are now at a median cost of $97,929, lower than the Minnesota average of $269,934.
The average cost of rent is $711/mo in 56120, primarily driven by the current value of real estate in the 56120 area. While nearly 66.80% of residents own their homes outright in 56120, 7.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56120 is $5,475 per month. Households that rent pay about 12.99% of their income on rent here. 56120's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 56022, MN: higher priced homes
- 56159, MN: higher priced homes
- 56160, MN: higher priced homes
- 56081, MN: equally priced homes
- 56162, MN: higher priced homes
- 56118, MN: higher priced homes
- 56056, MN: higher priced homes
- 56101, MN: higher priced homes
- 56060, MN: higher priced homes
- 56062, MN: higher priced homes
Zip Codes with Similar Populations
- 51466, IA: higher priced homes
- 79052, TX: higher priced homes
- 77456, TX: higher priced homes
- 76621, TX: higher priced homes
- 74957, OK: equally priced homes
- 56041, MN: higher priced homes
- 55941, MN: higher priced homes
- 54836, WI: higher priced homes
- 54442, WI: higher priced homes
- 52209, IA: higher priced homes
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