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These days, finding an affordable place to live in the 56220 area can be challenging. Home prices in 56220 are now at a median cost of $157,202, lower than the Minnesota average of $345,793.
The average cost of rent is $669/mo in 56220, primarily driven by the current value of real estate in the 56220 area. In 56220, 17.80% of households rent, and 62.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56220 is $5,626 per month. Households that rent pay about 11.90% of their income on rent here. 56220’s most expensive areas are in the northwestern 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
- 56280, MN: higher priced homes
- 57237, SD: higher priced homes
- 56291, MN: equally priced homes
- 57218, SD: higher priced homes
- 56218, MN: higher priced homes
- 57226, SD: higher priced homes
- 56223, MN: less expensive homes
- 56229, MN: higher priced homes
- 57238, SD: higher priced homes
- 56245, MN: higher priced homes
Zip Codes with Similar Populations
- 27970, NC: less expensive homes
- 61011, IL: higher priced homes
- 63771, MO: less expensive homes
- 68739, NE: higher priced homes
- 72959, AR: higher priced homes
- 38357, TN: equally priced homes
- 36553, AL: equally priced homes
- 36311, AL: less expensive homes
- 29129, SC: less expensive homes
- 25168, WV: equally priced homes
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