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These days, finding an affordable place to live in the 56474 area can be challenging. Home prices in 56474 are now at a median cost of $278,205, lower than the Minnesota average of $345,793.
The average cost of rent is $924/mo in 56474, primarily driven by the current value of real estate in the 56474 area. In 56474, 15.76% of households rent, and 42.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56474 is $5,509 per month. Households that rent pay about 16.77% of their income on rent here. 56474’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern 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
- 56456, MN: higher priced homes
- 56435, MN: equally priced homes
- 56472, MN: higher priced homes
- 56442, MN: higher priced homes
- 56448, MN: higher priced homes
- 56447, MN: higher priced homes
- 56662, MN: equally priced homes
- 56477, MN: less expensive homes
- 56464, MN: less expensive homes
- 56469, MN: less expensive homes
Zip Codes with Similar Populations
- 05060, VT: equally priced homes
- 04578, ME: higher priced homes
- 03784, NH: higher priced homes
- 04462, ME: less expensive homes
- 04429, ME: higher priced homes
- 61745, IL: less expensive homes
- 62411, IL: less expensive homes
- 61910, IL: less expensive homes
- 61883, IL: less expensive homes
- 61880, IL: less expensive homes
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