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These days, finding an affordable place to live in the 56438 area can be challenging. Home prices in 56438 are now at a median cost of $206,128, lower than the Minnesota average of $345,793.
The average cost of rent is $1,066/mo in 56438, primarily driven by the current value of real estate in the 56438 area. In 56438, 22.44% of households rent, and 51.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56438 is $5,217 per month. Households that rent pay about 20.43% of their income on rent here. 56438’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern 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
- 56440, MN: less expensive homes
- 56446, MN: less expensive homes
- 56443, MN: higher priced homes
- 56437, MN: less expensive homes
- 56475, MN: higher priced homes
- 56354, MN: higher priced homes
- 56361, MN: higher priced homes
- 56449, MN: higher priced homes
- 56588, MN: higher priced homes
- 56524, MN: higher priced homes
Zip Codes with Similar Populations
- 79758, TX: higher priced homes
- 65632, MO: equally priced homes
- 71465, LA: less expensive homes
- 56172, MN: equally priced homes
- 74849, OK: less expensive homes
- 50450, IA: less expensive homes
- 49284, MI: less expensive homes
- 48140, MI: higher priced homes
- 44666, OH: higher priced homes
- 36748, AL: less expensive homes
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