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These days, finding an affordable place to live in the 56255 area can be challenging. Home prices in 56255 are now at a median cost of $159,791, lower than the Minnesota average of $345,793.
The average cost of rent is $668/mo in 56255, primarily driven by the current value of real estate in the 56255 area. In 56255, 24.96% of households rent, and 56.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56255 is $5,493 per month. Households that rent pay about 12.15% of their income on rent here. 56255’s most expensive areas are in the central regions, while the cheapest areas are in the southern 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
- 56263, MN: equally priced homes
- 56287, MN: higher priced homes
- 56292, MN: equally priced homes
- 56293, MN: equally priced homes
- 56294, MN: higher priced homes
- 56283, MN: higher priced homes
- 56224, MN: higher priced homes
- 56258, MN: higher priced homes
- 56270, MN: less expensive homes
- 56157, MN: higher priced homes
Zip Codes with Similar Populations
- 56139, MN: higher priced homes
- 52158, IA: higher priced homes
- 52225, IA: equally priced homes
- 52309, IA: less expensive homes
- 52321, IA: equally priced homes
- 52560, IA: higher priced homes
- 52752, IA: equally priced homes
- 53953, WI: higher priced homes
- 55085, MN: higher priced homes
- 56111, MN: equally priced homes
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