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These days, finding an affordable place to live in the 56431 area can be challenging. Home prices in 56431 are now at a median cost of $219,193, lower than the Minnesota average of $269,934.
The average cost of rent is $980/mo in 56431, primarily driven by the current value of real estate in the 56431 area. While nearly 51.51% of residents own their homes outright in 56431, 15.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56431 is $4,586 per month. Households that rent pay about 21.36% of their income on rent here. 56431's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 56444, MN: higher priced homes
- 56441, MN: less expensive homes
- 56455, MN: less expensive homes
- 56465, MN: higher priced homes
- 56401, MN: equally priced homes
- 56468, MN: higher priced homes
- 56425, MN: equally priced homes
- 55757, MN: less expensive homes
- 56473, MN: less expensive homes
- 55795, MN: less expensive homes
Zip Codes with Similar Populations
- 04064, ME: higher priced homes
- 06379, CT: higher priced homes
- 08833, NJ: higher priced homes
- 10607, NY: higher priced homes
- 45121, OH: less expensive homes
- 53168, WI: higher priced homes
- 52205, IA: less expensive homes
- 50644, IA: less expensive homes
- 49419, MI: higher priced homes
- 49329, MI: less expensive homes
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