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These days, finding an affordable place to live in the 56434 area can be challenging. Home prices in 56434 are now at a median cost of $195,806, lower than the Minnesota average of $345,793.
The average cost of rent is $829/mo in 56434, primarily driven by the current value of real estate in the 56434 area. In 56434, 9.08% of households rent, and 44.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56434 is $5,878 per month. Households that rent pay about 14.10% of their income on rent here. 56434’s most expensive areas are in the southern regions, while the cheapest areas are in the central 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
- 56481, MN: equally priced homes
- 56479, MN: equally priced homes
- 56437, MN: less expensive homes
- 56453, MN: less expensive homes
- 56482, MN: equally priced homes
- 56466, MN: higher priced homes
- 56518, MN: higher priced homes
- 56527, MN: higher priced homes
- 56473, MN: higher priced homes
- 56551, MN: higher priced homes
Zip Codes with Similar Populations
- 99765, AK: less expensive homes
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- 81222, CO: higher priced homes
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- 12436, NY: higher priced homes
- 12172, NY: less expensive homes
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