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These days, finding an affordable place to live in the 56283 area can be challenging. Home prices in 56283 are now at a median cost of $177,483, lower than the Minnesota average of $345,793.
The average cost of rent is $824/mo in 56283, primarily driven by the current value of real estate in the 56283 area. In 56283, 27.91% of households rent, and 49.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56283 is $5,829 per month. Households that rent pay about 14.13% of their income on rent here. 56283’s most expensive areas are in the northeastern 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
- 56270, MN: less expensive homes
- 56287, MN: higher priced homes
- 56214, MN: equally priced homes
- 55333, MN: less expensive homes
- 56293, MN: less expensive homes
- 56266, MN: less expensive homes
- 56292, MN: equally priced homes
- 56237, MN: equally priced homes
- 56255, MN: less expensive homes
- 55332, MN: less expensive homes
Zip Codes with Similar Populations
- 32531, FL: higher priced homes
- 68157, NE: higher priced homes
- 67215, KS: higher priced homes
- 64105, MO: higher priced homes
- 64062, MO: higher priced homes
- 39355, MS: equally priced homes
- 39341, MS: less expensive homes
- 37752, TN: equally priced homes
- 37419, TN: higher priced homes
- 37036, TN: higher priced homes
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