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These days, finding an affordable place to live in the 56514 area can be challenging. Home prices in 56514 are now at a median cost of $200,152, lower than the Minnesota average of $269,934.
The average cost of rent is $717/mo in 56514, primarily driven by the current value of real estate in the 56514 area. While nearly 33.23% of residents own their homes outright in 56514, 16.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56514 is $5,966 per month. Households that rent pay about 12.02% of their income on rent here. 56514's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 56580, MN: higher priced homes
- 56594, MN: less expensive homes
- 56525, MN: higher priced homes
- 56572, MN: higher priced homes
- 58015, ND: equally priced homes
- 58047, ND: higher priced homes
- 58077, ND: equally priced homes
- 56587, MN: higher priced homes
- 58051, ND: higher priced homes
- 56528, MN: higher priced homes
Zip Codes with Similar Populations
- 35546, AL: less expensive homes
- 53525, WI: less expensive homes
- 48647, MI: less expensive homes
- 02109, MA: higher priced homes
- 35765, AL: less expensive homes
- 35549, AL: less expensive homes
- 32667, FL: higher priced homes
- 30828, GA: less expensive homes
- 27874, NC: less expensive homes
- 25053, WV: less expensive homes
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