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These days, finding an affordable place to live in the 56447 area can be challenging. Home prices in 56447 are now at a median cost of $339,201, lower than the Minnesota average of $345,793.
The average cost of rent is $711/mo in 56447, primarily driven by the current value of real estate in the 56447 area. In 56447, 5.42% of households rent, and 47.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56447 is $6,630 per month. Households that rent pay about 10.72% of their income on rent here. 56447’s most expensive areas are in the northwestern 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
- 56448, MN: higher priced homes
- 56662, MN: less expensive homes
- 56442, MN: higher priced homes
- 56472, MN: equally priced homes
- 56469, MN: less expensive homes
- 56456, MN: equally priced homes
- 56474, MN: less expensive homes
- 56435, MN: less expensive homes
- 55760, MN: less expensive homes
- 55787, MN: less expensive homes
Zip Codes with Similar Populations
- 30660, GA: less expensive homes
- 73450, OK: less expensive homes
- 72626, AR: less expensive homes
- 72469, AR: less expensive homes
- 39862, GA: less expensive homes
- 38951, MS: less expensive homes
- 37348, TN: less expensive homes
- 36736, AL: less expensive homes
- 31071, GA: less expensive homes
- 30820, GA: less expensive homes
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