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These days, finding an affordable place to live in the 56358 area can be challenging. Home prices in 56358 are now at a median cost of $257,739, lower than the Minnesota average of $345,793.
The average cost of rent is $1,118/mo in 56358, primarily driven by the current value of real estate in the 56358 area. In 56358, 11.80% of households rent, and 39.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56358 is $6,933 per month. Households that rent pay about 16.12% of their income on rent here. 56358’s most expensive areas are in the southern 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
- 55051, MN: less expensive homes
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- 55036, MN: less expensive homes
- 56330, MN: higher priced homes
- 55007, MN: equally priced homes
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- 56364, MN: equally priced homes
Zip Codes with Similar Populations
- 70071, LA: less expensive homes
- 46536, IN: equally priced homes
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- 01225, MA: equally priced homes
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- 56062, MN: less expensive homes
- 60301, IL: equally priced homes
- 63933, MO: less expensive homes
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