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These days, finding an affordable place to live in the 56318 area can be challenging. Home prices in 56318 are now at a median cost of $256,123, lower than the Minnesota average of $345,793.
The average cost of rent is $859/mo in 56318, primarily driven by the current value of real estate in the 56318 area. In 56318, 13.86% of households rent, and 48.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56318 is $6,498 per month. Households that rent pay about 13.22% of their income on rent here. 56318’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern 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
- 56382, MN: equally priced homes
- 56336, MN: higher priced homes
- 56384, MN: equally priced homes
- 56328, MN: equally priced homes
- 56314, MN: equally priced homes
- 56347, MN: less expensive homes
- 56340, MN: higher priced homes
- 56378, MN: equally priced homes
- 56345, MN: equally priced homes
- 56373, MN: higher priced homes
Zip Codes with Similar Populations
- 47451, IN: less expensive homes
- 72122, AR: higher priced homes
- 71960, AR: less expensive homes
- 70353, LA: less expensive homes
- 57761, SD: equally priced homes
- 56183, MN: less expensive homes
- 55065, MN: higher priced homes
- 51235, IA: equally priced homes
- 47949, IN: less expensive homes
- 01254, MA: higher priced homes
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