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These days, finding an affordable place to live in the 56296 area can be challenging. Home prices in 56296 are now at a median cost of $121,664, lower than the Minnesota average of $345,793.
The average cost of rent is $753/mo in 56296, primarily driven by the current value of real estate in the 56296 area. In 56296, 19.84% of households rent, and 62.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56296 is $4,930 per month. Households that rent pay about 15.28% of their income on rent here. 56296’s most expensive areas are in the northern regions, while the cheapest areas are in the western 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
- 57260, SD: higher priced homes
- 56274, MN: higher priced homes
- 56248, MN: higher priced homes
- 57255, SD: less expensive homes
- 56235, MN: higher priced homes
- 56531, MN: higher priced homes
- 56311, MN: higher priced homes
- 57224, SD: less expensive homes
- 56339, MN: higher priced homes
- 56343, MN: higher priced homes
Zip Codes with Similar Populations
- 04952, ME: higher priced homes
- 12066, NY: higher priced homes
- 13063, NY: higher priced homes
- 13160, NY: higher priced homes
- 62814, IL: equally priced homes
- 48741, MI: higher priced homes
- 62692, IL: equally priced homes
- 62451, IL: less expensive homes
- 60941, IL: higher priced homes
- 59041, MT: higher priced homes
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