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These days, finding an affordable place to live in the 56387 area can be challenging. Home prices in 56387 are now at a median cost of $243,928, lower than the Minnesota average of $345,793.
The average cost of rent is $1,261/mo in 56387, primarily driven by the current value of real estate in the 56387 area. In 56387, 48.95% of households rent, and 39.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56387 is $5,500 per month. Households that rent pay about 22.93% of their income on rent here. 56387’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern 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
- 56303, MN: less expensive homes
- 56301, MN: higher priced homes
- 56374, MN: higher priced homes
- 56304, MN: less expensive homes
- 56377, MN: higher priced homes
- 56379, MN: higher priced homes
- 56369, MN: higher priced homes
- 56321, MN: higher priced homes
- 56320, MN: higher priced homes
- 56310, MN: higher priced homes
Zip Codes with Similar Populations
- 34229, FL: higher priced homes
- 53821, WI: less expensive homes
- 52411, IA: higher priced homes
- 49651, MI: less expensive homes
- 45764, OH: less expensive homes
- 43028, OH: higher priced homes
- 40977, KY: less expensive homes
- 38824, MS: less expensive homes
- 37331, TN: less expensive homes
- 36856, AL: less expensive homes
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