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These days, finding an affordable place to live in the 56515 area can be challenging. Home prices in 56515 are now at a median cost of $357,763, higher than the Minnesota average of $345,793.
The average cost of rent is $1,037/mo in 56515, primarily driven by the current value of real estate in the 56515 area. In 56515, 17.02% of households rent, and 55.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56515 is $6,487 per month. Households that rent pay about 15.99% of their income on rent here. 56515’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
- 56524, MN: less expensive homes
- 56586, MN: less expensive homes
- 56588, MN: less expensive homes
- 56551, MN: less expensive homes
- 56324, MN: less expensive homes
- 56537, MN: less expensive homes
- 56527, MN: less expensive homes
- 56361, MN: less expensive homes
- 56533, MN: less expensive homes
- 56453, MN: less expensive homes
Zip Codes with Similar Populations
- 08045, NJ: less expensive homes
- 97131, OR: higher priced homes
- 98039, WA: higher priced homes
- 43945, OH: less expensive homes
- 43154, OH: less expensive homes
- 42406, KY: less expensive homes
- 30182, GA: less expensive homes
- 28512, NC: higher priced homes
- 28385, NC: less expensive homes
- 20664, MD: higher priced homes
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