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These days, finding an affordable place to live in the 56340 area can be challenging. Home prices in 56340 are now at a median cost of $244,474, lower than the Minnesota average of $269,934.
The average cost of rent is $739/mo in 56340, primarily driven by the current value of real estate in the 56340 area. While nearly 42.25% of residents own their homes outright in 56340, 10.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56340 is $6,792 per month. Households that rent pay about 10.88% of their income on rent here. 56340's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 56314, MN: less expensive homes
- 56384, MN: less expensive homes
- 56310, MN: equally priced homes
- 56375, MN: equally priced homes
- 56307, MN: equally priced homes
- 56373, MN: less expensive homes
- 56367, MN: equally priced homes
- 56331, MN: less expensive homes
- 56318, MN: less expensive homes
- 56377, MN: equally priced homes
Zip Codes with Similar Populations
- 67663, KS: less expensive homes
- 39664, MS: less expensive homes
- 43217, OH: less expensive homes
- 44429, OH: less expensive homes
- 44637, OH: less expensive homes
- 45054, OH: higher priced homes
- 45715, OH: less expensive homes
- 03814, NH: less expensive homes
- 49339, MI: less expensive homes
- 50207, IA: less expensive homes
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