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These days, finding an affordable place to live in the 56245 area can be challenging. Home prices in 56245 are now at a median cost of $156,755, lower than the Minnesota average of $269,934.
The average cost of rent is $638/mo in 56245, primarily driven by the current value of real estate in the 56245 area. While nearly 54.49% of residents own their homes outright in 56245, 13.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56245 is $6,661 per month. Households that rent pay about 9.58% of their income on rent here. 56245's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 56297, MN: less expensive homes
- 56229, MN: equally priced homes
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- 56285, MN: less expensive homes
- 56292, MN: less expensive homes
- 56214, MN: equally priced homes
- 56239, MN: equally priced homes
- 56264, MN: less expensive homes
- 56291, MN: less expensive homes
Zip Codes with Similar Populations
- 44653, OH: less expensive homes
- 50544, IA: less expensive homes
- 98619, WA: higher priced homes
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- 99140, WA: equally priced homes
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- 99659, AK: less expensive homes
- 47857, IN: less expensive homes
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