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These days, finding an affordable place to live in the 56517 area can be challenging. Home prices in 56517 are now at a median cost of $166,733, lower than the Minnesota average of $345,793.
The average cost of rent is $878/mo in 56517, primarily driven by the current value of real estate in the 56517 area. In 56517, 14.57% of households rent, and 55.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56517 is $5,804 per month. Households that rent pay about 15.13% of their income on rent here. 56517’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central 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
- 56540, MN: higher priced homes
- 56568, MN: equally priced homes
- 56581, MN: less expensive homes
- 56523, MN: higher priced homes
- 58219, ND: higher priced homes
- 56736, MN: higher priced homes
- 56535, MN: higher priced homes
- 56592, MN: equally priced homes
- 58223, ND: higher priced homes
- 58218, ND: higher priced homes
Zip Codes with Similar Populations
- 74349, OK: higher priced homes
- 57452, SD: less expensive homes
- 57766, SD: less expensive homes
- 57780, SD: less expensive homes
- 58223, ND: higher priced homes
- 58455, ND: higher priced homes
- 70524, LA: less expensive homes
- 70654, LA: less expensive homes
- 72134, AR: less expensive homes
- 72175, AR: less expensive homes
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