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These days, finding an affordable place to live in the 56303 area can be challenging. Home prices in 56303 are now at a median cost of $218,095, lower than the Minnesota average of $345,793.
The average cost of rent is $1,097/mo in 56303, primarily driven by the current value of real estate in the 56303 area. In 56303, 37.11% of households rent, and 36.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56303 is $5,597 per month. Households that rent pay about 19.60% of their income on rent here. 56303’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern 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
- 56387, MN: higher priced homes
- 56301, MN: higher priced homes
- 56379, MN: higher priced homes
- 56377, MN: higher priced homes
- 56304, MN: equally priced homes
- 56374, MN: higher priced homes
- 56321, MN: higher priced homes
- 56369, MN: higher priced homes
- 56310, MN: higher priced homes
- 56320, MN: higher priced homes
Zip Codes with Similar Populations
- 48108, MI: higher priced homes
- 06880, CT: higher priced homes
- 30088, GA: equally priced homes
- 92008, CA: higher priced homes
- 55123, MN: higher priced homes
- 55126, MN: higher priced homes
- 55426, MN: higher priced homes
- 77345, TX: higher priced homes
- 80130, CO: higher priced homes
- 80209, CO: higher priced homes
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