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These days, finding an affordable place to live in the 56156 area can be challenging. Home prices in 56156 are now at a median cost of $214,649, lower than the Minnesota average of $345,793.
The average cost of rent is $861/mo in 56156, primarily driven by the current value of real estate in the 56156 area. In 56156, 26.42% of households rent, and 43.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56156 is $6,346 per month. Households that rent pay about 13.57% of their income on rent here. 56156’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern 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
- 56158, MN: higher priced homes
- 56146, MN: higher priced homes
- 56116, MN: higher priced homes
- 56134, MN: equally priced homes
- 56173, MN: equally priced homes
- 56147, MN: less expensive homes
- 56138, MN: equally priced homes
- 56129, MN: less expensive homes
- 56110, MN: less expensive homes
- 57068, SD: higher priced homes
Zip Codes with Similar Populations
- 79363, TX: less expensive homes
- 95987, CA: higher priced homes
- 95631, CA: higher priced homes
- 17737, PA: equally priced homes
- 93267, CA: higher priced homes
- 18641, PA: less expensive homes
- 90010, CA: higher priced homes
- 86510, AZ: less expensive homes
- 85634, AZ: less expensive homes
- 23868, VA: less expensive homes
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