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These days, finding an affordable place to live in the 56481 area can be challenging. Home prices in 56481 are now at a median cost of $197,283, lower than the Minnesota average of $345,793.
The average cost of rent is $760/mo in 56481, primarily driven by the current value of real estate in the 56481 area. In 56481, 9.26% of households rent, and 43.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56481 is $6,025 per month. Households that rent pay about 12.62% of their income on rent here. 56481’s most expensive areas are in the northern regions, while the cheapest areas are in the western 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
- 56434, MN: equally priced homes
- 56482, MN: equally priced homes
- 56479, MN: equally priced homes
- 56453, MN: less expensive homes
- 56518, MN: higher priced homes
- 56466, MN: higher priced homes
- 56527, MN: higher priced homes
- 56567, MN: higher priced homes
- 56551, MN: higher priced homes
- 56473, MN: higher priced homes
Zip Codes with Similar Populations
- 72324, AR: less expensive homes
- 23047, VA: higher priced homes
- 22637, VA: higher priced homes
- 18350, PA: higher priced homes
- 18214, PA: equally priced homes
- 17830, PA: equally priced homes
- 16120, PA: less expensive homes
- 15035, PA: less expensive homes
- 14544, NY: equally priced homes
- 13431, NY: higher priced homes
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