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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 $177,510, lower than the Minnesota average of $345,793.
The average cost of rent is $1,124/mo in 56123, primarily driven by the current value of real estate in the 56123 area. In 56123, 9.71% of households rent, and 53.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56123 is $5,759 per month. Households that rent pay about 19.51% of their income on rent here. 56123’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
- 56125, MN: equally priced homes
- 56114, MN: equally priced homes
- 56172, MN: equally priced homes
- 56183, MN: less expensive homes
- 56132, MN: higher priced homes
- 56151, MN: equally priced homes
- 56174, MN: less expensive homes
- 56122, MN: less expensive homes
- 56145, MN: less expensive homes
- 56186, MN: higher priced homes
Zip Codes with Similar Populations
- 69040, NE: less expensive homes
- 62655, IL: less expensive homes
- 62817, IL: higher priced 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: higher priced homes
- 68517, NE: higher priced homes
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