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These days, finding an affordable place to live in the 56150 area can be challenging. Home prices in 56150 are now at a median cost of $162,436, lower than the Minnesota average of $345,793.
The average cost of rent is $857/mo in 56150, primarily driven by the current value of real estate in the 56150 area. In 56150, 12.07% of households rent, and 50.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56150 is $6,354 per month. Households that rent pay about 13.48% of their income on rent here. 56150’s most expensive areas are in the western regions, while the cheapest areas are in the northern 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
- 56161, MN: equally priced homes
- 56143, MN: equally priced homes
- 56119, MN: higher priced homes
- 56167, MN: higher priced homes
- 56111, MN: equally priced homes
- 56187, MN: higher priced homes
- 56127, MN: less expensive homes
- 56171, MN: equally priced homes
- 56176, MN: less expensive homes
- 56165, MN: higher priced homes
Zip Codes with Similar Populations
- 03608, NH: higher priced homes
- 87008, NM: higher priced homes
- 85324, AZ: higher priced homes
- 80442, CO: higher priced homes
- 78409, TX: less expensive homes
- 77702, TX: less expensive homes
- 76823, TX: less expensive homes
- 76524, TX: higher priced homes
- 74330, OK: higher priced homes
- 56342, MN: higher priced homes
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