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These days, finding an affordable place to live in the 56122 area can be challenging. Home prices in 56122 are now at a median cost of $158,635, lower than the Minnesota average of $345,793.
The average cost of rent is $800/mo in 56122, primarily driven by the current value of real estate in the 56122 area. In 56122, 16.62% of households rent, and 68.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56122 is $6,502 per month. Households that rent pay about 12.30% of their income on rent here. 56122’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern 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
- 56153, MN: equally priced homes
- 56151, MN: equally priced homes
- 56141, MN: equally priced homes
- 56128, MN: equally priced homes
- 56186, MN: higher priced homes
- 56172, MN: higher priced homes
- 56177, MN: higher priced homes
- 56139, MN: higher priced homes
- 56114, MN: equally priced homes
- 56131, MN: higher priced homes
Zip Codes with Similar Populations
- 41817, KY: less expensive homes
- 97412, OR: higher priced homes
- 47524, IN: higher priced homes
- 47519, IN: higher priced homes
- 98814, WA: higher priced homes
- 46759, IN: higher priced homes
- 45770, OH: less expensive homes
- 44689, OH: higher priced homes
- 42371, KY: less expensive homes
- 42361, KY: less expensive homes
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