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These days, finding an affordable place to live in the 56381 area can be challenging. Home prices in 56381 are now at a median cost of $248,024, lower than the Minnesota average of $345,793.
The average cost of rent is $1,009/mo in 56381, primarily driven by the current value of real estate in the 56381 area. In 56381, 16.01% of households rent, and 43.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56381 is $7,039 per month. Households that rent pay about 14.33% of their income on rent here. 56381’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
- 56334, MN: higher priced homes
- 56323, MN: less expensive homes
- 56244, MN: less expensive homes
- 56267, MN: less expensive homes
- 56316, MN: less expensive homes
- 56207, MN: less expensive homes
- 56325, MN: equally priced homes
- 56312, MN: equally priced homes
- 56221, MN: less expensive homes
- 56335, MN: equally priced homes
Zip Codes with Similar Populations
- 88072, NM: less expensive homes
- 56435, MN: equally priced homes
- 72940, AR: less expensive homes
- 44099, OH: equally priced homes
- 43569, OH: less expensive homes
- 40759, KY: less expensive homes
- 75681, TX: less expensive homes
- 37317, TN: less expensive homes
- 37149, TN: higher priced homes
- 76569, TX: less expensive homes
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