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Affordable
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These days, finding an affordable place to live in the 56253 area can be challenging. Home prices in 56253 are now at a median cost of $233,221, lower than the Minnesota average of $345,793.
The average cost of rent is $892/mo in 56253, primarily driven by the current value of real estate in the 56253 area. In 56253, 14.72% of households rent, and 47.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56253 is $7,134 per month. Households that rent pay about 12.50% of their income on rent here. 56253’s most expensive areas are in the eastern regions, while the cheapest areas are in the western 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
- 56216, MN: less expensive homes
- 56228, MN: less expensive homes
- 56281, MN: less expensive homes
- 56282, MN: less expensive homes
- 56222, MN: less expensive homes
- 55324, MN: higher priced homes
- 55350, MN: higher priced homes
- 56260, MN: less expensive homes
- 55325, MN: higher priced homes
- 55381, MN: higher priced homes
Zip Codes with Similar Populations
- 04265, ME: equally priced homes
- 04623, ME: less expensive homes
- 05043, VT: higher priced homes
- 08340, NJ: higher priced homes
- 12473, NY: higher priced homes
- 01012, MA: higher priced homes
- 12989, NY: equally priced homes
- 13635, NY: less expensive homes
- 13731, NY: higher priced homes
- 14555, NY: less expensive homes
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