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These days, finding an affordable place to live in the 56125 area can be challenging. Home prices in 56125 are now at a median cost of $124,500, lower than the Minnesota average of $269,934.
The average cost of rent is $1,070/mo in 56125, primarily driven by the current value of real estate in the 56125 area. While nearly 60.07% of residents own their homes outright in 56125, 11.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56125 is $5,909 per month. Households that rent pay about 18.11% of their income on rent here. 56125's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 56123, MN: higher priced homes
- 56183, MN: less expensive homes
- 56114, MN: equally priced homes
- 56172, MN: higher priced homes
- 56174, MN: equally priced homes
- 56132, MN: higher priced homes
- 56145, MN: less expensive homes
- 56151, MN: equally priced homes
- 56122, MN: less expensive homes
- 56186, MN: higher priced homes
Zip Codes with Similar Populations
- 13353, NY: higher priced homes
- 04855, ME: higher priced homes
- 99625, AK: equally priced homes
- 99591, AK: less expensive homes
- 06753, CT: higher priced homes
- 99558, AK: less expensive homes
- 72587, AR: less expensive homes
- 77460, TX: higher priced homes
- 77440, TX: equally priced homes
- 76848, TX: higher priced homes
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