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These days, finding an affordable place to live in the 56162 area can be challenging. Home prices in 56162 are now at a median cost of $172,065, lower than the Minnesota average of $269,934.
The average cost of rent is $592/mo in 56162, primarily driven by the current value of real estate in the 56162 area. While nearly 57.09% of residents own their homes outright in 56162, 10.89% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56162 is $6,073 per month. Households that rent pay about 9.74% of their income on rent here. 56162's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 56160, MN: equally priced homes
- 56176, MN: less expensive homes
- 56120, MN: less expensive homes
- 56081, MN: less expensive homes
- 56088, MN: less expensive homes
- 56060, MN: less expensive homes
- 56159, MN: less expensive homes
- 56075, MN: less expensive homes
- 56118, MN: equally priced homes
- 56101, MN: less expensive homes
Zip Codes with Similar Populations
- 18413, PA: higher priced homes
- 15693, PA: less expensive homes
- 15638, PA: higher priced homes
- 17829, PA: less expensive homes
- 15484, PA: higher priced homes
- 78243, TX: equally priced homes
- 15430, PA: less expensive homes
- 82324, WY: less expensive homes
- 15020, PA: less expensive homes
- 14708, NY: less expensive homes
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