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These days, finding an affordable place to live in the 56309 area can be challenging. Home prices in 56309 are now at a median cost of $267,270, lower than the Minnesota average of $345,793.
The average cost of rent is $858/mo in 56309, primarily driven by the current value of real estate in the 56309 area. In 56309, 14.26% of households rent, and 51.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56309 is $6,955 per month. Households that rent pay about 12.33% of their income on rent here. 56309’s most expensive areas are in the northeastern 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
- 56326, MN: less expensive homes
- 56324, MN: higher priced homes
- 56531, MN: less expensive homes
- 56311, MN: less expensive homes
- 56315, MN: equally priced homes
- 56590, MN: less expensive homes
- 56332, MN: higher priced homes
- 56361, MN: equally priced homes
- 56354, MN: higher priced homes
- 56565, MN: less expensive homes
Zip Codes with Similar Populations
- 04421, ME: higher priced homes
- 04969, ME: less expensive homes
- 61368, IL: less expensive homes
- 67448, KS: less expensive homes
- 67154, KS: less expensive homes
- 66427, KS: less expensive homes
- 65764, MO: less expensive homes
- 65324, MO: equally priced homes
- 65239, MO: less expensive homes
- 63837, MO: less expensive homes
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