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These days, finding an affordable place to live in the 56440 area can be challenging. Home prices in 56440 are now at a median cost of $148,203, lower than the Minnesota average of $345,793.
The average cost of rent is $820/mo in 56440, primarily driven by the current value of real estate in the 56440 area. In 56440, 18.17% of households rent, and 59.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56440 is $4,768 per month. Households that rent pay about 17.21% of their income on rent here. 56440’s most expensive areas are in the southwestern 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
- 56446, MN: higher priced homes
- 56438, MN: higher priced homes
- 56437, MN: equally priced homes
- 56443, MN: higher priced homes
- 56354, MN: higher priced homes
- 56361, MN: higher priced homes
- 56475, MN: higher priced homes
- 56588, MN: higher priced homes
- 56449, MN: higher priced homes
- 56524, MN: higher priced homes
Zip Codes with Similar Populations
- 57735, SD: equally priced homes
- 68920, NE: equally priced homes
- 68765, NE: higher priced homes
- 68651, NE: higher priced homes
- 67578, KS: less expensive homes
- 62668, IL: less expensive homes
- 62665, IL: less expensive homes
- 62540, IL: less expensive homes
- 62376, IL: higher priced homes
- 61729, IL: higher priced homes
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