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These days, finding an affordable place to live in the 56223 area can be challenging. Home prices in 56223 are now at a median cost of $138,540, lower than the Minnesota average of $345,793.
The average cost of rent is $847/mo in 56223, primarily driven by the current value of real estate in the 56223 area. In 56223, 17.19% of households rent, and 45.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56223 is $6,092 per month. Households that rent pay about 13.91% of their income on rent here. 56223’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
- 56218, MN: higher priced homes
- 56245, MN: higher priced homes
- 56241, MN: higher priced homes
- 56229, MN: higher priced homes
- 56297, MN: higher priced homes
- 56291, MN: higher priced homes
- 56280, MN: higher priced homes
- 56237, MN: higher priced homes
- 56285, MN: higher priced homes
- 56220, MN: higher priced homes
Zip Codes with Similar Populations
- 86032, AZ: higher priced homes
- 17260, PA: higher priced homes
- 18425, PA: higher priced homes
- 18636, PA: higher priced homes
- 22709, VA: higher priced homes
- 22938, VA: higher priced homes
- 24314, VA: higher priced homes
- 24579, VA: higher priced homes
- 79851, TX: less expensive homes
- 83444, ID: higher priced homes
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