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These days, finding an affordable place to live in the 56401 area can be challenging. Home prices in 56401 are now at a median cost of $209,394, lower than the Minnesota average of $269,934.
The average cost of rent is $937/mo in 56401, primarily driven by the current value of real estate in the 56401 area. While nearly 40.63% of residents own their homes outright in 56401, 20.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56401 is $5,840 per month. Households that rent pay about 16.05% of their income on rent here. 56401's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 56425, MN: equally priced homes
- 56468, MN: higher priced homes
- 56455, MN: less expensive homes
- 56473, MN: equally priced homes
- 56444, MN: higher priced homes
- 56450, MN: less expensive homes
- 56466, MN: equally priced homes
- 56431, MN: equally priced homes
- 56479, MN: less expensive homes
- 56434, MN: less expensive homes
Zip Codes with Similar Populations
- 91303, CA: higher priced homes
- 40004, KY: less expensive homes
- 40701, KY: less expensive homes
- 01821, MA: higher priced homes
- 50310, IA: less expensive homes
- 55129, MN: higher priced homes
- 67217, KS: less expensive homes
- 76016, TX: higher priced homes
- 81504, CO: equally priced homes
- 45215, OH: less expensive homes
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