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These days, finding an affordable place to live in the 56353 area can be challenging. Home prices in 56353 are now at a median cost of $262,298, lower than the Minnesota average of $345,793.
The average cost of rent is $1,314/mo in 56353, primarily driven by the current value of real estate in the 56353 area. In 56353, 20.25% of households rent, and 30.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56353 is $6,658 per month. Households that rent pay about 19.74% of their income on rent here. 56353’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central 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
- 56313, MN: equally priced homes
- 56363, MN: equally priced homes
- 56330, MN: equally priced homes
- 56357, MN: higher priced homes
- 56358, MN: equally priced homes
- 55017, MN: higher priced homes
- 56329, MN: higher priced homes
- 55051, MN: less expensive homes
- 55006, MN: less expensive homes
- 55029, MN: higher priced homes
Zip Codes with Similar Populations
- 03570, NH: less expensive homes
- 47446, IN: less expensive homes
- 61727, IL: less expensive homes
- 59711, MT: equally priced homes
- 55439, MN: higher priced homes
- 55115, MN: higher priced homes
- 55063, MN: equally priced homes
- 50428, IA: equally priced homes
- 49078, MI: less expensive homes
- 48444, MI: less expensive homes
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