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These days, finding an affordable place to live in the 56235 area can be challenging. Home prices in 56235 are now at a median cost of $222,388, lower than the Minnesota average of $345,793.
The average cost of rent is $1,207/mo in 56235, primarily driven by the current value of real estate in the 56235 area. In 56235, 18.36% of households rent, and 55.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56235 is $6,855 per month. Households that rent pay about 17.61% of their income on rent here. 56235’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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
- 56248, MN: less expensive homes
- 56339, MN: less expensive homes
- 56323, MN: equally priced homes
- 56343, MN: higher priced homes
- 56274, MN: less expensive homes
- 56236, MN: less expensive homes
- 56327, MN: higher priced homes
- 56349, MN: higher priced homes
- 56296, MN: less expensive homes
- 56334, MN: higher priced homes
Zip Codes with Similar Populations
- 38914, MS: less expensive homes
- 41464, KY: less expensive homes
- 98943, WA: higher priced homes
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- 40826, KY: less expensive homes
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- 40052, KY: higher priced homes
- 39826, GA: less expensive homes
- 39356, MS: less expensive homes
- 38924, MS: less expensive homes
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