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These days, finding an affordable place to live in the 56176 area can be challenging. Home prices in 56176 are now at a median cost of $146,576, lower than the Minnesota average of $345,793.
The average cost of rent is $745/mo in 56176, primarily driven by the current value of real estate in the 56176 area. In 56176, 27.27% of households rent, and 57.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56176 is $5,392 per month. Households that rent pay about 13.81% of their income on rent here. 56176’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern 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
- 56162, MN: higher priced homes
- 56160, MN: higher priced homes
- 56171, MN: higher priced homes
- 56181, MN: higher priced homes
- 56111, MN: higher priced homes
- 56075, MN: higher priced homes
- 56088, MN: equally priced homes
- 56031, MN: higher priced homes
- 56143, MN: higher priced homes
- 56039, MN: higher priced homes
Zip Codes with Similar Populations
- 44702, OH: less expensive homes
- 76653, TX: higher priced homes
- 56010, MN: higher priced homes
- 51053, IA: less expensive homes
- 50645, IA: higher priced homes
- 50149, IA: higher priced homes
- 49950, MI: equally priced homes
- 48737, MI: less expensive homes
- 46057, IN: higher priced homes
- 79543, TX: less expensive homes
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