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These days, finding an affordable place to live in the 56315 area can be challenging. Home prices in 56315 are now at a median cost of $206,967, lower than the Minnesota average of $269,934.
The average cost of rent is $651/mo in 56315, primarily driven by the current value of real estate in the 56315 area. While nearly 39.71% of residents own their homes outright in 56315, 14.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56315 is $6,299 per month. Households that rent pay about 10.33% of their income on rent here. 56315's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 56332, MN: higher priced homes
- 56326, MN: less expensive homes
- 56308, MN: higher priced homes
- 56309, MN: equally priced homes
- 56354, MN: higher priced homes
- 56319, MN: higher priced homes
- 56339, MN: less expensive homes
- 56311, MN: equally priced homes
- 56355, MN: higher priced homes
- 56531, MN: less expensive homes
Zip Codes with Similar Populations
- 76945, TX: less expensive homes
- 36912, AL: less expensive homes
- 41121, KY: less expensive homes
- 42039, KY: less expensive homes
- 42464, KY: less expensive homes
- 43406, OH: less expensive homes
- 47957, IN: less expensive homes
- 48806, MI: less expensive homes
- 52218, IA: less expensive homes
- 56330, MN: equally priced homes
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