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These days, finding an affordable place to live in the 56243 area can be challenging. Home prices in 56243 are now at a median cost of $154,467, lower than the Minnesota average of $269,934.
The average cost of rent is $871/mo in 56243, primarily driven by the current value of real estate in the 56243 area. While nearly 43.85% of residents own their homes outright in 56243, 20.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56243 is $5,459 per month. Households that rent pay about 15.96% of their income on rent here. 56243's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 56209, MN: higher priced homes
- 55355, MN: higher priced homes
- 56251, MN: higher priced homes
- 56288, MN: higher priced homes
- 55324, MN: higher priced homes
- 56201, MN: higher priced homes
- 55325, MN: higher priced homes
- 56279, MN: higher priced homes
- 55321, MN: higher priced homes
- 55302, MN: higher priced homes
Zip Codes with Similar Populations
- 98357, WA: less expensive homes
- 20059, DC: higher priced homes
- 04947, ME: higher priced homes
- 05061, VT: higher priced homes
- 05859, VT: higher priced homes
- 63384, MO: less expensive homes
- 01236, MA: higher priced homes
- 62513, IL: less expensive homes
- 58552, ND: less expensive homes
- 56676, MN: higher priced homes
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