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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 $188,661, lower than the Minnesota average of $269,934.
The average cost of rent is $716/mo in 56311, primarily driven by the current value of real estate in the 56311 area. While nearly 44.90% of residents own their homes outright in 56311, 14.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56311 is $5,606 per month. Households that rent pay about 12.78% of their income on rent here. 56311's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the zip.
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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- 65629, MO: equally priced homes
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