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These days, finding an affordable place to live in the 56251 area can be challenging. Home prices in 56251 are now at a median cost of $246,130, lower than the Minnesota average of $345,793.
The average cost of rent is $775/mo in 56251, primarily driven by the current value of real estate in the 56251 area. In 56251, 15.58% of households rent, and 40.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56251 is $7,494 per month. Households that rent pay about 10.34% of their income on rent here. 56251’s most expensive areas are in the northwestern 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
- 56201, MN: less expensive homes
- 56209, MN: equally priced homes
- 56288, MN: higher priced homes
- 56243, MN: less expensive homes
- 56279, MN: equally priced homes
- 56282, MN: less expensive homes
- 56252, MN: less expensive homes
- 55355, MN: equally priced homes
- 56271, MN: less expensive homes
- 55324, MN: higher priced homes
Zip Codes with Similar Populations
- 04939, ME: less expensive homes
- 04949, ME: equally priced homes
- 05675, VT: less expensive homes
- 11547, NY: higher priced homes
- 12160, NY: less expensive homes
- 13684, NY: less expensive homes
- 13757, NY: less expensive homes
- 13810, NY: less expensive homes
- 15961, PA: less expensive homes
- 16131, PA: less expensive homes
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