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These days, finding an affordable place to live in the 56244 area can be challenging. Home prices in 56244 are now at a median cost of $171,643, lower than the Minnesota average of $345,793.
The average cost of rent is $895/mo in 56244, primarily driven by the current value of real estate in the 56244 area. In 56244, 19.23% of households rent, and 55.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56244 is $7,189 per month. Households that rent pay about 12.45% of their income on rent here. 56244’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central 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
- 56226, MN: higher priced homes
- 56267, MN: higher priced homes
- 56207, MN: less expensive homes
- 56381, MN: higher priced homes
- 56215, MN: equally priced homes
- 56221, MN: less expensive homes
- 56289, MN: higher priced homes
- 56316, MN: higher priced homes
- 56240, MN: equally priced homes
- 56225, MN: equally priced homes
Zip Codes with Similar Populations
- 67455, KS: less expensive homes
- 37059, TN: higher priced homes
- 37361, TN: equally priced homes
- 39149, MS: less expensive homes
- 40144, KY: equally priced homes
- 43360, OH: higher priced homes
- 48742, MI: equally priced homes
- 48865, MI: equally priced homes
- 49061, MI: higher priced homes
- 53137, WI: higher priced homes
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