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These days, finding an affordable place to live in the 56338 area can be challenging. Home prices in 56338 are now at a median cost of $281,535, lower than the Minnesota average of $345,793.
The average cost of rent is $986/mo in 56338, primarily driven by the current value of real estate in the 56338 area. In 56338, 7.60% of households rent, and 45.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56338 is $6,446 per month. Households that rent pay about 15.30% of their income on rent here. 56338’s most expensive areas are in the western regions, while the cheapest areas are in the eastern 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
- 56364, MN: equally priced homes
- 56359, MN: less expensive homes
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- 56475, MN: less expensive homes
- 56328, MN: equally priced homes
- 56443, MN: equally priced homes
- 56382, MN: equally priced homes
Zip Codes with Similar Populations
- 46763, IN: equally priced homes
- 55951, MN: less expensive homes
- 54974, WI: equally priced homes
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- 49893, MI: less expensive homes
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