Expensive
Affordable
Affordable
Colorblind friendly
off
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 $271,572, lower than the Minnesota average of $345,793.
The average cost of rent is $1,050/mo in 56401, primarily driven by the current value of real estate in the 56401 area. In 56401, 26.23% of households rent, and 37.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56401 is $6,784 per month. Households that rent pay about 15.48% of their income on rent here. 56401’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern 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
- 56425, MN: higher 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: less expensive 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: higher priced homes
- 45215, OH: less expensive homes
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood