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These days, finding an affordable place to live in the 56229 area can be challenging. Home prices in 56229 are now at a median cost of $198,071, lower than the Minnesota average of $345,793.
The average cost of rent is $691/mo in 56229, primarily driven by the current value of real estate in the 56229 area. In 56229, 17.79% of households rent, and 52.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56229 is $8,404 per month. Households that rent pay about 8.22% of their income on rent here. 56229’s most expensive areas are in the southeastern 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
- 56245, MN: equally priced homes
- 56297, MN: less expensive homes
- 56239, MN: higher priced homes
- 56237, MN: less expensive homes
- 56223, MN: less expensive homes
- 56292, MN: less expensive homes
- 56264, MN: less expensive homes
- 56214, MN: equally priced homes
- 56291, MN: less expensive homes
- 56285, MN: less expensive homes
Zip Codes with Similar Populations
- 35461, AL: less expensive homes
- 72376, AR: less expensive homes
- 04860, ME: higher priced homes
- 75555, TX: less expensive homes
- 57038, SD: higher priced homes
- 59823, MT: higher priced homes
- 67730, KS: less expensive homes
- 64491, MO: less expensive homes
- 46105, IN: higher priced homes
- 41080, KY: higher priced homes
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