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These days, finding an affordable place to live in the 56227 area can be challenging. Home prices in 56227 are now at a median cost of $149,400, lower than the Minnesota average of $345,793.
The average cost of rent is $640/mo in 56227, primarily driven by the current value of real estate in the 56227 area. In 56227, 12.70% of households rent, and 65.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56227 is $8,104 per month. Households that rent pay about 7.90% of their income on rent here. 56227’s most expensive areas are in the central 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
- 56276, MN: equally priced homes
- 56208, MN: less expensive homes
- 56249, MN: equally priced homes
- 56212, MN: less expensive homes
- 56278, MN: higher priced homes
- 57216, SD: higher priced homes
- 56262, MN: less expensive homes
- 56231, MN: higher priced homes
- 57252, SD: higher priced homes
- 56226, MN: higher priced homes
Zip Codes with Similar Populations
- 06353, CT: higher priced homes
- 15429, PA: less expensive homes
- 79505, TX: less expensive homes
- 12856, NY: higher priced homes
- 12823, NY: higher priced homes
- 12720, NY: higher priced homes
- 11252, NY: higher priced homes
- 06467, CT: higher priced homes
- 06230, CT: higher priced homes
- 06022, CT: higher priced homes
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