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These days, finding an affordable place to live in the 56201 area can be challenging. Home prices in 56201 are now at a median cost of $215,800, lower than the Minnesota average of $345,793.
The average cost of rent is $980/mo in 56201, primarily driven by the current value of real estate in the 56201 area. In 56201, 37.34% of households rent, and 37.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56201 is $6,205 per month. Households that rent pay about 15.80% of their income on rent here. 56201’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central 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
- 56251, MN: higher priced homes
- 56279, MN: higher priced homes
- 56288, MN: higher priced homes
- 56282, MN: equally priced homes
- 56209, MN: equally priced homes
- 56252, MN: less expensive homes
- 56243, MN: equally priced homes
- 56271, MN: equally priced homes
- 55355, MN: equally priced homes
- 55324, MN: higher priced homes
Zip Codes with Similar Populations
- 10512, NY: higher priced homes
- 11784, NY: higher priced homes
- 23701, VA: higher priced homes
- 27591, NC: higher priced homes
- 77478, TX: higher priced homes
- 47408, IN: higher priced homes
- 47712, IN: less expensive homes
- 48067, MI: higher priced homes
- 48371, MI: higher priced homes
- 60124, IL: higher priced homes
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