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These days, finding an affordable place to live in the 56215 area can be challenging. Home prices in 56215 are now at a median cost of $178,451, lower than the Minnesota average of $345,793.
The average cost of rent is $874/mo in 56215, primarily driven by the current value of real estate in the 56215 area. In 56215, 31.46% of households rent, and 53.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56215 is $5,831 per month. Households that rent pay about 14.99% of their income on rent here. 56215’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western 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
- 56226, MN: higher priced homes
- 56231, MN: higher priced homes
- 56271, MN: higher priced homes
- 56249, MN: less expensive homes
- 56244, MN: equally priced homes
- 56289, MN: higher priced homes
- 56208, MN: less expensive homes
- 56316, MN: higher priced homes
- 56227, MN: less expensive homes
- 56273, MN: higher priced homes
Zip Codes with Similar Populations
- 88352, NM: less expensive homes
- 08525, NJ: higher priced homes
- 08559, NJ: higher priced homes
- 08827, NJ: higher priced homes
- 10464, NY: higher priced homes
- 12148, NY: higher priced homes
- 84602, UT: higher priced homes
- 87013, NM: less expensive homes
- 88230, NM: less expensive homes
- 01535, MA: higher priced homes
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