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These days, finding an affordable place to live in the 56510 area can be challenging. Home prices in 56510 are now at a median cost of $142,355, lower than the Minnesota average of $345,793.
The average cost of rent is $750/mo in 56510, primarily driven by the current value of real estate in the 56510 area. In 56510, 27.03% of households rent, and 50.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56510 is $5,608 per month. Households that rent pay about 13.37% of their income on rent here. 56510’s most expensive areas are in the central regions, while the cheapest areas are in the eastern 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
- 56584, MN: less expensive homes
- 56545, MN: higher priced homes
- 56550, MN: equally priced homes
- 56548, MN: equally priced homes
- 56581, MN: equally priced homes
- 58219, ND: higher priced homes
- 58038, ND: higher priced homes
- 58045, ND: higher priced homes
- 56516, MN: higher priced homes
- 56557, MN: equally priced homes
Zip Codes with Similar Populations
- 20751, MD: higher priced homes
- 77835, TX: higher priced homes
- 88316, NM: higher priced homes
- 36376, AL: less expensive homes
- 31033, GA: higher priced homes
- 29009, SC: less expensive homes
- 26347, WV: higher priced homes
- 25033, WV: higher priced homes
- 24520, VA: equally priced homes
- 24281, VA: higher priced homes
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