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These days, finding an affordable place to live in the 56361 area can be challenging. Home prices in 56361 are now at a median cost of $243,739, lower than the Minnesota average of $345,793.
The average cost of rent is $845/mo in 56361, primarily driven by the current value of real estate in the 56361 area. In 56361, 15.70% of households rent, and 46.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56361 is $6,027 per month. Households that rent pay about 14.02% of their income on rent here. 56361’s most expensive areas are in the southwestern 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
- 56354, MN: higher priced homes
- 56588, MN: higher priced homes
- 56446, MN: less expensive homes
- 56524, MN: higher priced homes
- 56437, MN: less expensive homes
- 56326, MN: equally priced homes
- 56440, MN: less expensive homes
- 56515, MN: higher priced homes
- 56309, MN: higher priced homes
- 56438, MN: less expensive homes
Zip Codes with Similar Populations
- 05673, VT: higher priced homes
- 28133, NC: less expensive homes
- 13736, NY: less expensive homes
- 14012, NY: less expensive homes
- 24174, VA: equally priced homes
- 21917, MD: higher priced homes
- 21539, MD: less expensive homes
- 17887, PA: less expensive homes
- 18915, PA: higher priced homes
- 58341, ND: less expensive homes
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