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These days, finding an affordable place to live in the 56256 area can be challenging. Home prices in 56256 are now at a median cost of $136,653, lower than the Minnesota average of $345,793.
The average cost of rent is $850/mo in 56256, primarily driven by the current value of real estate in the 56256 area. In 56256, 21.68% of households rent, and 60.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56256 is $5,515 per month. Households that rent pay about 15.42% of their income on rent here. 56256’s most expensive areas are in the northern 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
- 56232, MN: higher priced homes
- 56212, MN: equally priced homes
- 56257, MN: higher priced homes
- 56262, MN: equally priced homes
- 57259, SD: equally priced homes
- 56295, MN: less expensive homes
- 57246, SD: higher priced homes
- 56265, MN: higher priced homes
- 57265, SD: higher priced homes
- 57264, SD: higher priced homes
Zip Codes with Similar Populations
- 05149, VT: higher priced homes
- 14476, NY: higher priced homes
- 12775, NY: higher priced homes
- 67003, KS: less expensive homes
- 70357, LA: equally priced homes
- 62424, IL: higher priced homes
- 59821, MT: higher priced homes
- 56340, MN: higher priced homes
- 54817, WI: higher priced homes
- 53919, WI: higher priced homes
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