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These days, finding an affordable place to live in the 56293 area can be challenging. Home prices in 56293 are now at a median cost of $159,932, lower than the Minnesota average of $345,793.
The average cost of rent is $745/mo in 56293, primarily driven by the current value of real estate in the 56293 area. In 56293, 19.27% of households rent, and 56.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56293 is $5,971 per month. Households that rent pay about 12.48% of their income on rent here. 56293’s most expensive areas are in the western 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
- 56287, MN: higher priced homes
- 56294, MN: higher priced homes
- 56255, MN: equally priced homes
- 56224, MN: higher priced homes
- 56292, MN: equally priced homes
- 56283, MN: higher priced homes
- 56263, MN: equally priced homes
- 56270, MN: less expensive homes
- 56266, MN: equally priced homes
- 55333, MN: less expensive homes
Zip Codes with Similar Populations
- 02841, RI: higher priced homes
- 61379, IL: less expensive homes
- 61361, IL: less expensive homes
- 59070, MT: higher priced homes
- 58652, ND: higher priced homes
- 58530, ND: higher priced homes
- 57368, SD: equally priced homes
- 56653, MN: equally priced homes
- 55991, MN: higher priced homes
- 61742, IL: higher priced homes
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