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These days, finding an affordable place to live in the 56132 area can be challenging. Home prices in 56132 are now at a median cost of $249,701, lower than the Minnesota average of $345,793.
The average cost of rent is $858/mo in 56132, primarily driven by the current value of real estate in the 56132 area. In 56132, 10.72% of households rent, and 54.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56132 is $6,659 per month. Households that rent pay about 12.89% of their income on rent here. 56132’s most expensive areas are in the southern 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
- 56115, MN: less expensive homes
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Zip Codes with Similar Populations
- 41566, KY: less expensive homes
- 77974, TX: less expensive homes
- 76631, TX: equally priced homes
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- 57620, SD: less expensive homes
- 49955, MI: less expensive homes
- 47114, IN: equally priced homes
- 45886, OH: less expensive homes
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