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These days, finding an affordable place to live in the 56331 area can be challenging. Home prices in 56331 are now at a median cost of $222,034, lower than the Minnesota average of $269,934.
The average cost of rent is $711/mo in 56331, primarily driven by the current value of real estate in the 56331 area. While nearly 42.27% of residents own their homes outright in 56331, 8.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56331 is $6,671 per month. Households that rent pay about 10.66% of their income on rent here. 56331's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 56356, MN: less expensive homes
- 56307, MN: equally priced homes
- 56352, MN: less expensive homes
- 56335, MN: less expensive homes
- 56310, MN: equally priced homes
- 56376, MN: higher priced homes
- 56340, MN: higher priced homes
- 56378, MN: equally priced homes
- 56325, MN: less expensive homes
- 56321, MN: higher priced homes
Zip Codes with Similar Populations
- 54740, WI: less expensive homes
- 65767, MO: less expensive homes
- 65646, MO: less expensive homes
- 64125, MO: less expensive homes
- 62312, IL: less expensive homes
- 59632, MT: higher priced homes
- 59037, MT: equally priced homes
- 56672, MN: equally priced homes
- 56208, MN: less expensive homes
- 68071, NE: less expensive homes
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