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Affordable
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These days, finding an affordable place to live in the 56311 area can be challenging. Home prices in 56311 are now at a median cost of $235,237, lower than the Minnesota average of $345,793.
The average cost of rent is $1,251/mo in 56311, primarily driven by the current value of real estate in the 56311 area. In 56311, 15.57% of households rent, and 48.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56311 is $6,355 per month. Households that rent pay about 19.68% of their income on rent here. 56311’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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
- 56339, MN: less expensive homes
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- 56332, MN: higher priced homes
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Zip Codes with Similar Populations
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