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These days, finding an affordable place to live in the 56350 area can be challenging. Home prices in 56350 are now at a median cost of $216,406, lower than the Minnesota average of $345,793.
The average cost of rent is $1,166/mo in 56350, primarily driven by the current value of real estate in the 56350 area. In 56350, 10.51% of households rent, and 52.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56350 is $4,150 per month. Households that rent pay about 28.08% of their income on rent here. 56350’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern 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
- 56342, MN: higher priced homes
- 55735, MN: higher priced homes
- 56386, MN: higher priced homes
- 55795, MN: equally priced homes
- 55072, MN: less expensive homes
- 55783, MN: higher priced homes
- 55704, MN: equally priced homes
- 56450, MN: equally priced homes
- 55712, MN: equally priced homes
- 55756, MN: equally priced homes
Zip Codes with Similar Populations
- 36371, AL: less expensive homes
- 84306, UT: higher priced homes
- 83554, ID: higher priced homes
- 83025, WY: higher priced homes
- 82213, WY: higher priced homes
- 81041, CO: less expensive homes
- 80733, CO: higher priced homes
- 79528, TX: less expensive homes
- 40348, KY: less expensive homes
- 85322, AZ: higher priced homes
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