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These days, finding an affordable place to live in the 56123 area can be challenging. Home prices in 56123 are now at a median cost of $174,916, lower than the Minnesota average of $269,934.
The average cost of rent is $863/mo in 56123, primarily driven by the current value of real estate in the 56123 area. While nearly 60.17% of residents own their homes outright in 56123, 11.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56123 is $5,975 per month. Households that rent pay about 14.44% of their income on rent here. 56123's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 56125, MN: less expensive homes
- 56114, MN: less expensive homes
- 56172, MN: equally priced homes
- 56183, MN: less expensive homes
- 56132, MN: higher priced homes
- 56151, MN: less expensive homes
- 56174, MN: less expensive homes
- 56122, MN: less expensive homes
- 56145, MN: less expensive homes
- 56186, MN: equally priced homes
Zip Codes with Similar Populations
- 69040, NE: less expensive homes
- 62655, IL: less expensive homes
- 62817, IL: less expensive homes
- 62831, IL: less expensive homes
- 67444, KS: less expensive homes
- 67454, KS: less expensive homes
- 67524, KS: less expensive homes
- 67738, KS: less expensive homes
- 68018, NE: equally priced homes
- 68517, NE: higher priced homes
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