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These days, finding an affordable place to live in the 56262 area can be challenging. Home prices in 56262 are now at a median cost of $93,078, lower than the Minnesota average of $269,934.
The average cost of rent is $650/mo in 56262, primarily driven by the current value of real estate in the 56262 area. While nearly 52.95% of residents own their homes outright in 56262, 16.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56262 is $5,250 per month. Households that rent pay about 12.38% of their income on rent here. 56262's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 56295, MN: equally priced homes
- 56208, MN: less expensive homes
- 56249, MN: higher priced homes
- 56231, MN: higher priced homes
- 56256, MN: higher priced homes
- 56227, MN: higher priced homes
- 56212, MN: less expensive homes
- 56276, MN: equally priced homes
- 56271, MN: higher priced homes
- 56257, MN: equally priced homes
Zip Codes with Similar Populations
- 02894, RI: higher priced homes
- 04487, ME: less expensive homes
- 05905, VT: higher priced homes
- 61875, IL: higher priced homes
- 61454, IL: less expensive homes
- 62461, IL: higher priced homes
- 62474, IL: equally priced homes
- 62957, IL: less expensive homes
- 63014, MO: higher priced homes
- 63536, MO: higher priced homes
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