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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 $161,600, lower than the Minnesota average of $269,934.
The average cost of rent is $795/mo in 56518, primarily driven by the current value of real estate in the 56518 area. While nearly 39.78% of residents own their homes outright in 56518, 10.89% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56518 is $6,064 per month. Households that rent pay about 13.11% of their income on rent here. 56518's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 56482, MN: less expensive homes
- 56567, MN: equally priced homes
- 56527, MN: higher priced homes
- 56453, MN: less expensive homes
- 56481, MN: equally priced homes
- 56551, MN: higher priced homes
- 56571, MN: higher priced homes
- 56434, MN: equally priced 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: less expensive homes
- 27840, NC: less expensive homes
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