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These days, finding an affordable place to live in the 56450 area can be challenging. Home prices in 56450 are now at a median cost of $174,571, lower than the Minnesota average of $269,934.
The average cost of rent is $901/mo in 56450, primarily driven by the current value of real estate in the 56450 area. While nearly 56.39% of residents own their homes outright in 56450, 15.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56450 is $5,530 per month. Households that rent pay about 16.29% of their income on rent here. 56450's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 56386, MN: higher priced homes
- 56342, MN: higher priced homes
- 56401, MN: higher priced homes
- 56425, MN: higher priced homes
- 56449, MN: higher priced homes
- 56350, MN: equally priced homes
- 56473, MN: higher priced homes
- 56443, MN: higher priced homes
- 56466, MN: higher priced homes
- 55735, MN: equally priced homes
Zip Codes with Similar Populations
- 44628, OH: less expensive homes
- 77580, TX: higher priced homes
- 75926, TX: less expensive homes
- 55704, MN: equally priced homes
- 52202, IA: equally priced homes
- 48766, MI: less expensive homes
- 47974, IN: less expensive homes
- 47231, IN: less expensive homes
- 47147, IN: less expensive homes
- 79092, TX: less expensive homes
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