Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 56131 area can be challenging. Home prices in 56131 are now at a median cost of $130,562, lower than the Minnesota average of $269,934.
The average cost of rent is $775/mo in 56131, primarily driven by the current value of real estate in the 56131 area. While nearly 52.91% of residents own their homes outright in 56131, 16.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56131 is $5,841 per month. Households that rent pay about 13.26% of their income on rent here. 56131's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 56114, MN: equally priced homes
- 56141, MN: less expensive homes
- 56165, MN: higher priced homes
- 56119, MN: higher priced homes
- 56185, MN: higher priced homes
- 56137, MN: less expensive homes
- 56161, MN: higher priced homes
- 56122, MN: less expensive homes
- 56155, MN: less expensive homes
- 56153, MN: less expensive homes
Zip Codes with Similar Populations
- 93222, CA: higher priced homes
- 55723, MN: higher priced homes
- 49043, MI: less expensive homes
- 72473, AR: less expensive homes
- 73573, OK: less expensive homes
- 02827, RI: higher priced homes
- 41141, KY: less expensive homes
- 74130, OK: less expensive homes
- 79752, TX: less expensive homes
- 32420, FL: less expensive homes
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