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These days, finding an affordable place to live in the 56518 area can be challenging. Home prices in 56518 are now at a median cost of $226,100, lower than the Minnesota average of $345,793.
The average cost of rent is $784/mo in 56518, primarily driven by the current value of real estate in the 56518 area. In 56518, 10.38% of households rent, and 38.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56518 is $7,092 per month. Households that rent pay about 11.05% of their income on rent here. 56518’s most expensive areas are in the central 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
- 56482, MN: less expensive homes
- 56567, MN: equally priced homes
- 56527, MN: equally priced homes
- 56453, MN: less expensive homes
- 56481, MN: less expensive homes
- 56551, MN: higher priced homes
- 56571, MN: higher priced homes
- 56434, MN: less expensive homes
- 56573, MN: higher priced homes
- 56576, MN: higher priced homes
Zip Codes with Similar Populations
- 26437, WV: less expensive homes
- 40209, KY: less expensive homes
- 39166, MS: less expensive homes
- 38869, MS: less expensive homes
- 38722, MS: less expensive homes
- 36513, AL: less expensive homes
- 35464, AL: less expensive homes
- 32079, FL: higher priced homes
- 29175, SC: higher priced homes
- 27840, NC: less expensive homes
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