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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 $125,214, lower than the Minnesota average of $269,934.
The average cost of rent is $867/mo in 56220, primarily driven by the current value of real estate in the 56220 area. While nearly 57.42% of residents own their homes outright in 56220, 16.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56220 is $5,058 per month. Households that rent pay about 17.13% of their income on rent here. 56220's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 56280, MN: higher priced homes
- 57237, SD: equally priced homes
- 56291, MN: equally priced homes
- 57218, SD: equally 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: higher priced homes
- 36311, AL: less expensive homes
- 29129, SC: less expensive homes
- 25168, WV: higher priced homes
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