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These days, finding an affordable place to live in the 56209 area can be challenging. Home prices in 56209 are now at a median cost of $226,240, lower than the Minnesota average of $345,793.
The average cost of rent is $872/mo in 56209, primarily driven by the current value of real estate in the 56209 area. In 56209, 16.53% of households rent, and 40.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56209 is $6,558 per month. Households that rent pay about 13.30% of their income on rent here. 56209’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 56243, MN: equally priced homes
- 56251, MN: equally priced homes
- 56288, MN: higher priced homes
- 56201, MN: equally priced homes
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- 56279, MN: higher priced homes
- 55324, MN: higher priced homes
- 56282, MN: equally priced homes
- 55325, MN: higher priced homes
- 56252, MN: less expensive homes
Zip Codes with Similar Populations
- 03582, NH: less expensive homes
- 64779, MO: less expensive homes
- 47633, IN: less expensive homes
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- 75846, TX: less expensive homes
- 76093, TX: equally priced homes
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- 82331, WY: higher priced homes
- 83245, ID: higher priced homes
- 84528, UT: equally priced homes
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