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These days, finding an affordable place to live in the 56277 area can be challenging. Home prices in 56277 are now at a median cost of $174,405, lower than the Minnesota average of $345,793.
The average cost of rent is $861/mo in 56277, primarily driven by the current value of real estate in the 56277 area. In 56277, 30.81% of households rent, and 46.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56277 is $5,523 per month. Households that rent pay about 15.59% of their income on rent here. 56277’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern 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
- 55310, MN: equally priced homes
- 56230, MN: higher priced homes
- 56284, MN: equally priced homes
- 55342, MN: equally priced homes
- 56285, MN: equally priced homes
- 55314, MN: higher priced homes
- 56214, MN: higher priced homes
- 56237, MN: equally priced homes
- 55385, MN: higher priced homes
- 56241, MN: equally priced homes
Zip Codes with Similar Populations
- 49310, MI: higher priced homes
- 98813, WA: higher priced homes
- 89449, NV: higher priced homes
- 87328, NM: less expensive homes
- 72101, AR: less expensive homes
- 62670, IL: higher priced homes
- 03576, NH: higher priced homes
- 47879, IN: less expensive homes
- 44864, OH: equally priced homes
- 44688, OH: less expensive homes
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