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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 $151,578, lower than the Minnesota average of $269,934.
The average cost of rent is $741/mo in 56241, primarily driven by the current value of real estate in the 56241 area. While nearly 43.27% of residents own their homes outright in 56241, 25.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56241 is $5,452 per month. Households that rent pay about 13.60% of their income on rent here. 56241's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 56260, MN: higher priced homes
- 56285, MN: less expensive homes
- 56223, MN: less expensive homes
- 56265, MN: less expensive homes
- 56222, MN: equally priced homes
- 56284, MN: less expensive homes
- 56218, MN: equally priced homes
- 56281, MN: equally priced homes
- 56230, MN: equally priced homes
- 56232, MN: less expensive 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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