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These days, finding an affordable place to live in the 56289 area can be challenging. Home prices in 56289 are now at a median cost of $306,779, lower than the Minnesota average of $345,793.
The average cost of rent is $931/mo in 56289, primarily driven by the current value of real estate in the 56289 area. In 56289, 12.09% of households rent, and 51.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56289 is $6,853 per month. Households that rent pay about 13.58% of their income on rent here. 56289’s most expensive areas are in the southern 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
- 56271, MN: less expensive homes
- 56273, MN: higher priced homes
- 56316, MN: less expensive homes
- 56288, MN: higher priced homes
- 56312, MN: less expensive homes
- 56215, MN: less expensive homes
- 56226, MN: less expensive homes
- 56362, MN: less expensive homes
- 56231, MN: less expensive homes
- 56371, MN: less expensive homes
Zip Codes with Similar Populations
- 15315, PA: less expensive homes
- 14820, NY: less expensive homes
- 14819, NY: less expensive homes
- 14748, NY: less expensive homes
- 65732, MO: equally priced homes
- 62943, IL: less expensive homes
- 63380, MO: less expensive homes
- 64487, MO: less expensive homes
- 64752, MO: less expensive homes
- 65247, MO: less expensive homes
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