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These days, finding an affordable place to live in the 56314 area can be challenging. Home prices in 56314 are now at a median cost of $251,557, lower than the Minnesota average of $345,793.
The average cost of rent is $828/mo in 56314, primarily driven by the current value of real estate in the 56314 area. In 56314, 9.27% of households rent, and 42.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56314 is $7,747 per month. Households that rent pay about 10.69% of their income on rent here. 56314’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
- 56340, MN: higher priced homes
- 56384, MN: equally priced homes
- 56373, MN: higher priced homes
- 56375, MN: higher priced homes
- 56328, MN: equally priced homes
- 56345, MN: equally priced homes
- 56382, MN: equally priced homes
- 56367, MN: higher priced homes
- 56318, MN: equally priced homes
- 56336, MN: higher priced homes
Zip Codes with Similar Populations
- 04284, ME: higher priced homes
- 57012, SD: equally priced homes
- 72027, AR: less expensive homes
- 68629, NE: less expensive homes
- 68420, NE: less expensive homes
- 67879, KS: less expensive homes
- 65466, MO: less expensive homes
- 65236, MO: less expensive homes
- 63852, MO: less expensive homes
- 63846, MO: less expensive homes
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