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These days, finding an affordable place to live in the 56240 area can be challenging. Home prices in 56240 are now at a median cost of $113,859, lower than the Minnesota average of $269,934.
The average cost of rent is $678/mo in 56240, primarily driven by the current value of real estate in the 56240 area. While nearly 62.16% of residents own their homes outright in 56240, 28.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56240 is $4,635 per month. Households that rent pay about 14.64% of their income on rent here. 56240's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 56210, MN: less expensive homes
- 56236, MN: higher priced homes
- 56225, MN: higher priced homes
- 56211, MN: higher priced homes
- 56221, MN: less expensive homes
- 56219, MN: equally priced homes
- 56207, MN: equally priced homes
- 57279, SD: higher priced homes
- 56267, MN: higher priced homes
- 57257, SD: higher priced homes
Zip Codes with Similar Populations
- 96047, CA: higher priced homes
- 45001, OH: higher priced homes
- 84782, UT: higher priced homes
- 89440, NV: higher priced homes
- 26238, WV: equally priced homes
- 24185, VA: equally priced homes
- 24077, VA: higher priced homes
- 22211, VA: higher priced homes
- 98323, WA: higher priced homes
- 15762, PA: higher priced homes
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