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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 $225,597, lower than the Minnesota average of $345,793.
The average cost of rent is $938/mo in 56187, primarily driven by the current value of real estate in the 56187 area. In 56187, 30.95% of households rent, and 54.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56187 is $5,434 per month. Households that rent pay about 17.26% of their income on rent here. 56187’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern 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
- 56119, MN: less expensive homes
- 56165, MN: equally priced homes
- 56117, MN: less expensive homes
- 56167, MN: less expensive homes
- 56168, MN: less expensive homes
- 56185, MN: less expensive homes
- 56161, MN: less expensive 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: equally priced homes
- 48362, MI: higher priced homes
- 49286, MI: equally priced homes
- 00920, PR: less expensive homes
- 55107, MN: higher priced homes
- 56003, MN: higher priced homes
- 60417, IL: equally priced homes
- 71115, LA: higher priced homes
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