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These days, finding an affordable place to live in the 56345 area can be challenging. Home prices in 56345 are now at a median cost of $187,227, lower than the Minnesota average of $269,934.
The average cost of rent is $896/mo in 56345, primarily driven by the current value of real estate in the 56345 area. While nearly 41.23% of residents own their homes outright in 56345, 22.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56345 is $4,964 per month. Households that rent pay about 18.06% of their income on rent here. 56345's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 56328, MN: higher priced homes
- 56373, MN: higher priced homes
- 56475, MN: equally priced homes
- 56314, MN: higher priced homes
- 56382, MN: equally priced homes
- 56364, MN: higher priced homes
- 56384, MN: equally priced homes
- 56318, MN: equally priced homes
- 56336, MN: higher priced homes
- 56338, MN: higher priced homes
Zip Codes with Similar Populations
- 48301, MI: higher priced homes
- 33778, FL: equally priced homes
- 00664, PR: less expensive homes
- 37218, TN: higher priced homes
- 39520, MS: less expensive homes
- 39571, MS: equally priced homes
- 39773, MS: less expensive homes
- 42276, KY: less expensive homes
- 43506, OH: less expensive homes
- 44420, OH: less expensive homes
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