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These days, finding an affordable place to live in the 56307 area can be challenging. Home prices in 56307 are now at a median cost of $236,323, lower than the Minnesota average of $269,934.
The average cost of rent is $789/mo in 56307, primarily driven by the current value of real estate in the 56307 area. While nearly 40.44% of residents own their homes outright in 56307, 13.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56307 is $6,947 per month. Households that rent pay about 11.36% of their income on rent here. 56307's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 56310, MN: equally priced homes
- 56331, MN: equally priced homes
- 56356, MN: less expensive homes
- 56321, MN: higher priced homes
- 56340, MN: equally priced homes
- 56376, MN: higher priced homes
- 56352, MN: less expensive homes
- 56374, MN: equally priced homes
- 56335, MN: less expensive homes
- 56375, MN: higher priced homes
Zip Codes with Similar Populations
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- 38023, TN: less expensive homes
- 60408, IL: less expensive homes
- 32621, FL: less expensive homes
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