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These days, finding an affordable place to live in the 56295 area can be challenging. Home prices in 56295 are now at a median cost of $124,100, lower than the Minnesota average of $345,793.
The average cost of rent is $929/mo in 56295, primarily driven by the current value of real estate in the 56295 area. In 56295, 16.22% of households rent, and 57.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56295 is $5,595 per month. Households that rent pay about 16.61% of their income on rent here. 56295’s most expensive areas are in the central 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
- 56265, MN: higher priced homes
- 56262, MN: equally priced homes
- 56232, MN: higher priced homes
- 56260, MN: higher priced homes
- 56256, MN: higher priced homes
- 56222, MN: higher priced homes
- 56212, MN: equally priced homes
- 56252, MN: higher priced homes
- 56282, MN: higher priced homes
- 56257, MN: higher priced homes
Zip Codes with Similar Populations
- 74843, OK: higher priced homes
- 56519, MN: higher priced homes
- 56663, MN: higher priced homes
- 58063, ND: higher priced homes
- 58272, ND: equally priced homes
- 58330, ND: less expensive homes
- 04675, ME: higher priced homes
- 71034, LA: higher priced homes
- 72140, AR: higher priced homes
- 72435, AR: less expensive homes
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