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These days, finding an affordable place to live in the 56225 area can be challenging. Home prices in 56225 are now at a median cost of $181,492, lower than the Minnesota average of $345,793.
The average cost of rent is $688/mo in 56225, primarily driven by the current value of real estate in the 56225 area. In 56225, 13.31% of households rent, and 63.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56225 is $7,488 per month. Households that rent pay about 9.19% of their income on rent here. 56225’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
- 56240, MN: less expensive homes
- 56210, MN: less expensive homes
- 56278, MN: equally priced homes
- 57216, SD: higher priced homes
- 57227, SD: higher priced homes
- 56211, MN: higher priced homes
- 56221, MN: less expensive homes
- 57279, SD: equally priced homes
- 56207, MN: less expensive homes
- 57257, SD: equally priced homes
Zip Codes with Similar Populations
- 02542, MA: higher priced homes
- 03448, NH: higher priced homes
- 03590, NH: equally priced homes
- 03752, NH: higher priced homes
- 03779, NH: higher priced homes
- 12032, NY: equally priced homes
- 68812, NE: higher priced homes
- 64461, MO: less expensive homes
- 64767, MO: equally priced homes
- 65774, MO: less expensive homes
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