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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 $278,714, lower than the Minnesota average of $345,793.
The average cost of rent is $1,028/mo in 56315, primarily driven by the current value of real estate in the 56315 area. In 56315, 12.77% 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 56315 is $7,377 per month. Households that rent pay about 13.94% of their income on rent here. 56315’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern 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
- 56332, MN: equally 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: less expensive homes
- 56355, MN: equally 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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