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These days, finding an affordable place to live in the 56368 area can be challenging. Home prices in 56368 are now at a median cost of $323,855, lower than the Minnesota average of $345,793.
The average cost of rent is $959/mo in 56368, primarily driven by the current value of real estate in the 56368 area. In 56368, 10.51% of households rent, and 45.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56368 is $7,914 per month. Households that rent pay about 12.12% of their income on rent here. 56368’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern 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
- 56320, MN: equally priced homes
- 56371, MN: less expensive homes
- 56376, MN: equally priced homes
- 55329, MN: less expensive homes
- 56369, MN: equally priced homes
- 56362, MN: less expensive homes
- 55389, MN: less expensive homes
- 56321, MN: higher priced homes
- 56374, MN: equally priced homes
- 55353, MN: higher priced homes
Zip Codes with Similar Populations
- 07046, NJ: higher priced homes
- 95228, CA: higher priced homes
- 95685, CA: higher priced homes
- 98844, WA: less expensive homes
- 10921, NY: higher priced homes
- 07803, NJ: higher priced homes
- 07027, NJ: higher priced homes
- 06890, CT: higher priced homes
- 06510, CT: higher priced homes
- 06417, CT: equally priced homes
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