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These days, finding an affordable place to live in the 56147 area can be challenging. Home prices in 56147 are now at a median cost of $187,467, lower than the Minnesota average of $345,793.
The average cost of rent is $674/mo in 56147, primarily driven by the current value of real estate in the 56147 area. In 56147, 16.43% of households rent, and 55.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56147 is $5,426 per month. Households that rent pay about 12.43% of their income on rent here. 56147’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 56153, MN: less expensive homes
- 56155, MN: less expensive homes
- 56134, MN: equally priced homes
- 56158, MN: higher priced homes
- 56128, MN: less expensive homes
- 56156, MN: higher priced homes
- 56110, MN: less expensive homes
- 56185, MN: equally priced homes
- 56177, MN: higher priced homes
- 56144, MN: less expensive homes
Zip Codes with Similar Populations
- 04408, ME: higher priced homes
- 68403, NE: higher priced homes
- 72083, AR: equally priced homes
- 72005, AR: less expensive homes
- 71865, AR: less expensive homes
- 70743, LA: higher priced homes
- 70091, LA: less expensive homes
- 69148, NE: less expensive homes
- 68828, NE: less expensive homes
- 68747, NE: higher priced homes
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