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These days, finding an affordable place to live in the 56241 area can be challenging. Home prices in 56241 are now at a median cost of $163,330, lower than the Minnesota average of $345,793.
The average cost of rent is $922/mo in 56241, primarily driven by the current value of real estate in the 56241 area. In 56241, 19.10% of households rent, and 49.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56241 is $6,426 per month. Households that rent pay about 14.35% of their income on rent here. 56241’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern 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
- 56260, MN: higher priced homes
- 56285, MN: equally priced homes
- 56223, MN: less expensive homes
- 56265, MN: equally priced homes
- 56222, MN: higher priced homes
- 56284, MN: equally priced homes
- 56218, MN: higher priced homes
- 56281, MN: higher priced homes
- 56230, MN: higher priced homes
- 56232, MN: higher priced homes
Zip Codes with Similar Populations
- 04957, ME: equally priced homes
- 54619, WI: higher priced homes
- 56520, MN: equally priced homes
- 46157, IN: higher priced homes
- 45883, OH: higher priced homes
- 76689, TX: higher priced homes
- 98831, WA: higher priced homes
- 29924, SC: equally priced homes
- 28751, NC: higher priced homes
- 28605, NC: higher priced homes
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