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These days, finding an affordable place to live in the 56231 area can be challenging. Home prices in 56231 are now at a median cost of $159,300, lower than the Minnesota average of $269,934.
The average cost of rent is $886/mo in 56231, primarily driven by the current value of real estate in the 56231 area. While nearly 46.52% of residents own their homes outright in 56231, 7.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56231 is $7,552 per month. Households that rent pay about 11.73% of their income on rent here. 56231's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 56249, MN: less expensive homes
- 56215, MN: less expensive homes
- 56226, MN: equally priced homes
- 56262, MN: less expensive homes
- 56208, MN: less expensive homes
- 56271, MN: equally priced homes
- 56227, MN: less expensive homes
- 56252, MN: less expensive homes
- 56276, MN: less expensive homes
- 56289, MN: higher priced homes
Zip Codes with Similar Populations
- 71859, AR: less expensive homes
- 52077, IA: less expensive homes
- 52313, IA: higher priced homes
- 52630, IA: less expensive homes
- 53016, WI: equally priced homes
- 56155, MN: less expensive homes
- 56356, MN: higher priced homes
- 57324, SD: equally priced homes
- 71021, LA: less expensive homes
- 71758, AR: equally priced homes
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