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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 $184,814, lower than the Minnesota average of $269,934.
The average cost of rent is $637/mo in 56318, primarily driven by the current value of real estate in the 56318 area. While nearly 46.65% of residents own their homes outright in 56318, 13.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56318 is $5,868 per month. Households that rent pay about 10.86% of their income on rent here. 56318's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 56382, MN: equally priced homes
- 56336, MN: higher priced homes
- 56384, MN: equally priced homes
- 56328, MN: higher priced homes
- 56314, MN: higher priced homes
- 56347, MN: less expensive homes
- 56340, MN: higher priced homes
- 56378, MN: higher 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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