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These days, finding an affordable place to live in the 56157 area can be challenging. Home prices in 56157 are now at a median cost of $283,496, lower than the Minnesota average of $345,793.
The average cost of rent is $1,056/mo in 56157, primarily driven by the current value of real estate in the 56157 area. In 56157, 11.71% of households rent, and 43.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56157 is $8,166 per month. Households that rent pay about 12.93% of their income on rent here. 56157’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern 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
- 56169, MN: less expensive homes
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Zip Codes with Similar Populations
- 15551, PA: less expensive homes
- 04859, ME: higher priced homes
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- 65790, MO: less expensive homes
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