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These days, finding an affordable place to live in the 56274 area can be challenging. Home prices in 56274 are now at a median cost of $188,726, lower than the Minnesota average of $345,793.
The average cost of rent is $611/mo in 56274, primarily driven by the current value of real estate in the 56274 area. In 56274, 11.59% of households rent, and 60.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56274 is $7,385 per month. Households that rent pay about 8.28% of their income on rent here. 56274’s most expensive areas are in the southwestern 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
- 56248, MN: equally priced homes
- 56531, MN: less expensive homes
- 56296, MN: less expensive homes
- 56311, MN: higher priced homes
- 56235, MN: higher priced homes
- 56339, MN: equally priced homes
- 57260, SD: less expensive homes
- 56343, MN: higher priced homes
- 56327, MN: higher priced homes
- 56315, MN: higher priced homes
Zip Codes with Similar Populations
- 99768, AK: less expensive homes
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- 12530, NY: higher priced homes
- 12085, NY: higher priced homes
- 99668, AK: higher priced homes
- 99722, AK: less expensive homes
- 99748, AK: less expensive homes
- 05902, VT: equally priced homes
- 04669, ME: higher priced homes
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