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These days, finding an affordable place to live in the 56297 area can be challenging. Home prices in 56297 are now at a median cost of $155,892, lower than the Minnesota average of $345,793.
The average cost of rent is $627/mo in 56297, primarily driven by the current value of real estate in the 56297 area. In 56297, 13.95% of households rent, and 56.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56297 is $6,924 per month. Households that rent pay about 9.06% of their income on rent here. 56297’s most expensive areas are in the western regions, while the cheapest areas are in the eastern 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
- 56245, MN: higher priced homes
- 56237, MN: equally priced homes
- 56229, MN: higher priced homes
- 56214, MN: higher priced homes
- 56292, MN: equally priced homes
- 56285, MN: equally priced homes
- 56223, MN: less expensive homes
- 56284, MN: equally priced homes
- 56239, MN: higher priced homes
- 56283, MN: higher priced homes
Zip Codes with Similar Populations
- 99770, AK: less expensive homes
- 97867, OR: higher priced homes
- 17886, PA: higher priced homes
- 17088, PA: higher priced homes
- 17021, PA: higher priced homes
- 98582, WA: higher priced homes
- 15688, PA: less expensive homes
- 99622, AK: less expensive homes
- 05456, VT: higher priced homes
- 05405, VT: higher priced homes
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