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These days, finding an affordable place to live in the 56226 area can be challenging. Home prices in 56226 are now at a median cost of $254,334, lower than the Minnesota average of $345,793.
The average cost of rent is $1,092/mo in 56226, primarily driven by the current value of real estate in the 56226 area. In 56226, 9.91% of households rent, and 53.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56226 is $8,558 per month. Households that rent pay about 12.76% of their income on rent here. 56226’s most expensive areas are in the northern regions, while the cheapest areas are in the southern 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
- 56215, MN: less expensive homes
- 56244, MN: less expensive homes
- 56231, MN: less expensive homes
- 56249, MN: less expensive homes
- 56271, MN: less expensive homes
- 56208, MN: less expensive homes
- 56289, MN: higher priced homes
- 56227, MN: less expensive homes
- 56316, MN: less expensive homes
- 56276, MN: less expensive homes
Zip Codes with Similar Populations
- 12450, NY: higher priced homes
- 82723, WY: higher priced homes
- 16733, PA: less expensive homes
- 81220, CO: higher priced homes
- 99651, AK: less expensive homes
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- 15077, PA: less expensive homes
- 15004, PA: less expensive homes
- 13450, NY: less expensive homes
- 12927, NY: less expensive homes
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