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These days, finding an affordable place to live in the 56359 area can be challenging. Home prices in 56359 are now at a median cost of $246,373, lower than the Minnesota average of $345,793.
The average cost of rent is $890/mo in 56359, primarily driven by the current value of real estate in the 56359 area. In 56359, 28.72% of households rent, and 48.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56359 is $4,875 per month. Households that rent pay about 18.26% of their income on rent here. 56359’s most expensive areas are in the northeastern 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
- 56386, MN: higher priced homes
- 56338, MN: higher priced homes
- 56342, MN: equally priced homes
- 56364, MN: higher priced homes
- 55007, MN: equally priced homes
- 56449, MN: higher priced homes
- 56345, MN: equally priced homes
- 55037, MN: equally priced homes
- 56475, MN: equally priced homes
- 55072, MN: less expensive homes
Zip Codes with Similar Populations
- 05250, VT: higher priced homes
- 17063, PA: less expensive homes
- 37811, TN: less expensive homes
- 76651, TX: less expensive homes
- 74872, OK: less expensive homes
- 68873, NE: less expensive homes
- 53960, WI: higher priced homes
- 03598, NH: equally priced homes
- 36040, AL: less expensive homes
- 28676, NC: less expensive homes
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