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These days, finding an affordable place to live in the 56167 area can be challenging. Home prices in 56167 are now at a median cost of $189,238, lower than the Minnesota average of $345,793.
The average cost of rent is $749/mo in 56167, primarily driven by the current value of real estate in the 56167 area. In 56167, 19.13% of households rent, and 50.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56167 is $6,551 per month. Households that rent pay about 11.43% of their income on rent here. 56167’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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
- 51345, IA: less expensive homes
- 51347, IA: equally priced homes
- 56187, MN: higher priced homes
- 51354, IA: less expensive homes
- 56117, MN: less expensive homes
- 56150, MN: less expensive homes
- 51249, IA: less expensive homes
- 56168, MN: equally priced homes
- 51360, IA: higher priced homes
- 56143, MN: less expensive homes
Zip Codes with Similar Populations
- 35149, AL: equally priced homes
- 41746, KY: less expensive homes
- 40914, KY: less expensive homes
- 40040, KY: equally priced homes
- 40012, KY: higher priced homes
- 40010, KY: higher priced homes
- 38370, TN: less expensive homes
- 37151, TN: higher priced homes
- 36314, AL: less expensive homes
- 46915, IN: higher priced homes
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