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These days, finding an affordable place to live in the 56362 area can be challenging. Home prices in 56362 are now at a median cost of $267,885, lower than the Minnesota average of $345,793.
The average cost of rent is $938/mo in 56362, primarily driven by the current value of real estate in the 56362 area. In 56362, 17.49% of households rent, and 40.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56362 is $7,294 per month. Households that rent pay about 12.86% of their income on rent here. 56362’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western 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
- 56371, MN: equally priced homes
- 55329, MN: less expensive homes
- 56368, MN: higher priced homes
- 56273, MN: higher priced homes
- 56312, MN: equally priced homes
- 55389, MN: equally priced homes
- 56320, MN: higher priced homes
- 56288, MN: higher priced homes
- 56369, MN: higher priced homes
- 55353, MN: higher priced homes
Zip Codes with Similar Populations
- 93427, CA: higher priced homes
- 14432, NY: less expensive homes
- 14487, NY: less expensive homes
- 83336, ID: higher priced homes
- 83869, ID: higher priced homes
- 84627, UT: higher priced homes
- 86504, AZ: less expensive homes
- 92121, CA: higher priced homes
- 92861, CA: higher priced homes
- 93256, CA: equally priced homes
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