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These days, finding an affordable place to live in the 56214 area can be challenging. Home prices in 56214 are now at a median cost of $192,831, lower than the Minnesota average of $345,793.
The average cost of rent is $823/mo in 56214, primarily driven by the current value of real estate in the 56214 area. In 56214, 12.22% of households rent, and 63.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56214 is $6,588 per month. Households that rent pay about 12.50% of their income on rent here. 56214’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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
- 56237, MN: less expensive homes
- 56292, MN: less expensive homes
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- 56283, MN: equally priced homes
- 56285, MN: less expensive homes
- 56284, MN: less expensive homes
- 56245, MN: equally priced homes
- 56270, MN: less expensive homes
- 56230, MN: equally priced homes
- 56229, MN: equally priced homes
Zip Codes with Similar Populations
- 83115, WY: higher priced homes
- 25107, WV: less expensive homes
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- 28718, NC: higher priced homes
- 29567, SC: less expensive homes
- 40077, KY: higher priced homes
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