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These days, finding an affordable place to live in the 56355 area can be challenging. Home prices in 56355 are now at a median cost of $268,230, lower than the Minnesota average of $345,793.
The average cost of rent is $937/mo in 56355, primarily driven by the current value of real estate in the 56355 area. In 56355, 14.23% of households rent, and 34.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56355 is $6,876 per month. Households that rent pay about 13.62% of their income on rent here. 56355’s most expensive areas are in the western 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
- 56319, MN: higher priced homes
- 56308, MN: higher priced homes
- 56360, MN: less expensive homes
- 56354, MN: higher priced homes
- 56332, MN: higher priced homes
- 56315, MN: equally priced homes
- 56347, MN: less expensive homes
- 56326, MN: less expensive homes
- 56336, MN: higher priced homes
- 56339, MN: less expensive homes
Zip Codes with Similar Populations
- 40903, KY: less expensive homes
- 83867, ID: equally priced homes
- 83435, ID: less expensive homes
- 56051, MN: less expensive homes
- 54537, WI: less expensive homes
- 51357, IA: less expensive homes
- 51020, IA: less expensive homes
- 50173, IA: less expensive homes
- 49736, MI: less expensive homes
- 45332, OH: less expensive homes
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