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These days, finding an affordable place to live in the 56160 area can be challenging. Home prices in 56160 are now at a median cost of $181,329, lower than the Minnesota average of $269,934.
The average cost of rent is $602/mo in 56160, primarily driven by the current value of real estate in the 56160 area. While nearly 56.09% of residents own their homes outright in 56160, 8.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56160 is $6,056 per month. Households that rent pay about 9.94% of their income on rent here. 56160's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 56162, MN: equally priced homes
- 56176, MN: less expensive homes
- 56120, MN: less expensive homes
- 56159, MN: less expensive homes
- 56081, MN: less expensive homes
- 56118, MN: equally priced homes
- 56088, MN: less expensive homes
- 56060, MN: less expensive homes
- 56101, MN: less expensive homes
- 56075, MN: less expensive homes
Zip Codes with Similar Populations
- 99781, AK: less expensive homes
- 83520, ID: equally priced homes
- 82831, WY: higher priced homes
- 84734, UT: higher priced homes
- 82441, WY: higher priced homes
- 85328, AZ: less expensive homes
- 81640, CO: higher priced homes
- 81049, CO: higher priced homes
- 79730, TX: less expensive homes
- 15721, PA: less expensive homes
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