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These days, finding an affordable place to live in the 56187 area can be challenging. Home prices in 56187 are now at a median cost of $153,754, lower than the Minnesota average of $269,934.
The average cost of rent is $820/mo in 56187, primarily driven by the current value of real estate in the 56187 area. While nearly 44.78% of residents own their homes outright in 56187, 41.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56187 is $4,864 per month. Households that rent pay about 16.85% of their income on rent here. 56187's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 56119, MN: equally priced homes
- 56165, MN: higher priced homes
- 56117, MN: equally priced homes
- 56167, MN: less expensive homes
- 56168, MN: equally priced homes
- 56185, MN: equally priced homes
- 56161, MN: equally priced homes
- 56110, MN: less expensive homes
- 56155, MN: less expensive homes
- 56150, MN: less expensive homes
Zip Codes with Similar Populations
- 77575, TX: equally priced homes
- 45246, OH: equally priced homes
- 48059, MI: higher priced homes
- 48362, MI: higher priced homes
- 49286, MI: higher priced homes
- 00920, PR: equally priced homes
- 55107, MN: higher priced homes
- 56003, MN: higher priced homes
- 60417, IL: higher priced homes
- 71115, LA: higher priced homes
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