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These days, finding an affordable place to live in the 56312 area can be challenging. Home prices in 56312 are now at a median cost of $254,611, lower than the Minnesota average of $345,793.
The average cost of rent is $875/mo in 56312, primarily driven by the current value of real estate in the 56312 area. In 56312, 20.33% of households rent, and 43.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56312 is $6,097 per month. Households that rent pay about 14.35% of their income on rent here. 56312’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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
- 56325, MN: equally priced homes
- 56316, MN: less expensive homes
- 56273, MN: higher priced homes
- 56289, MN: higher priced homes
- 56362, MN: equally priced homes
- 56376, MN: higher priced homes
- 56371, MN: equally priced homes
- 56368, MN: higher priced homes
- 55329, MN: less expensive homes
- 56320, MN: higher priced homes
Zip Codes with Similar Populations
- 65725, MO: less expensive homes
- 01257, MA: higher priced homes
- 52336, IA: equally priced homes
- 53507, WI: higher priced homes
- 54111, WI: equally priced homes
- 54112, WI: less expensive homes
- 55769, MN: less expensive homes
- 58220, ND: less expensive homes
- 61723, IL: less expensive homes
- 61760, IL: less expensive homes
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