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These days, finding an affordable place to live in the 56224 area can be challenging. Home prices in 56224 are now at a median cost of $187,142, lower than the Minnesota average of $345,793.
The average cost of rent is $1,175/mo in 56224, primarily driven by the current value of real estate in the 56224 area. In 56224, 6.34% of households rent, and 60.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56224 is $7,444 per month. Households that rent pay about 15.78% of their income on rent here. 56224’s most expensive areas are in the western 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
- 56266, MN: less expensive homes
- 56294, MN: higher priced homes
- 56293, MN: less expensive homes
- 56087, MN: less expensive homes
- 56083, MN: less expensive homes
- 56152, MN: less expensive homes
- 56287, MN: equally priced homes
- 56085, MN: equally priced homes
- 56255, MN: less expensive homes
- 56166, MN: less expensive homes
Zip Codes with Similar Populations
- 71472, LA: less expensive homes
- 56550, MN: less expensive homes
- 57269, SD: higher priced homes
- 64674, MO: less expensive homes
- 66738, KS: equally priced homes
- 67491, KS: higher priced homes
- 67581, KS: less expensive homes
- 68448, NE: less expensive homes
- 68932, NE: less expensive homes
- 68971, NE: less expensive homes
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