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These days, finding an affordable place to live in the 56161 area can be challenging. Home prices in 56161 are now at a median cost of $148,601, lower than the Minnesota average of $269,934.
The average cost of rent is $756/mo in 56161, primarily driven by the current value of real estate in the 56161 area. While nearly 48.11% of residents own their homes outright in 56161, 6.52% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56161 is $7,450 per month. Households that rent pay about 10.14% of their income on rent here. 56161's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 56137, MN: less expensive homes
- 56119, MN: equally priced homes
- 56150, MN: less expensive homes
- 56101, MN: equally priced homes
- 56187, MN: equally priced homes
- 56131, MN: less expensive homes
- 56143, MN: less expensive homes
- 56165, MN: higher priced homes
- 56111, MN: less expensive homes
- 56168, MN: equally priced homes
Zip Codes with Similar Populations
- 43468, OH: equally priced homes
- 77878, TX: less expensive homes
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- 77451, TX: less expensive homes
- 73058, OK: equally priced homes
- 72948, AR: less expensive homes
- 69029, NE: higher priced homes
- 51523, IA: higher priced homes
- 51440, IA: less expensive homes
- 50068, IA: equally priced homes
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