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These days, finding an affordable place to live in the 56425 area can be challenging. Home prices in 56425 are now at a median cost of $312,047, lower than the Minnesota average of $345,793.
The average cost of rent is $1,096/mo in 56425, primarily driven by the current value of real estate in the 56425 area. In 56425, 37.45% of households rent, and 35.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56425 is $7,082 per month. Households that rent pay about 15.47% of their income on rent here. 56425’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern 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
- 56401, MN: less expensive homes
- 56473, MN: equally priced homes
- 56468, MN: higher priced homes
- 56455, MN: less expensive homes
- 56466, MN: less expensive homes
- 56444, MN: higher priced homes
- 56450, MN: less expensive homes
- 56479, MN: less expensive homes
- 56431, MN: equally priced homes
- 56434, MN: less expensive homes
Zip Codes with Similar Populations
- 02540, MA: higher priced homes
- 03276, NH: less expensive homes
- 03874, NH: higher priced homes
- 06339, CT: equally priced homes
- 06607, CT: less expensive homes
- 06896, CT: higher priced homes
- 10920, NY: higher priced homes
- 54923, WI: less expensive homes
- 49646, MI: less expensive homes
- 50273, IA: less expensive homes
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