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These days, finding an affordable place to live in the 56520 area can be challenging. Home prices in 56520 are now at a median cost of $162,934, lower than the Minnesota average of $345,793.
The average cost of rent is $1,379/mo in 56520, primarily driven by the current value of real estate in the 56520 area. In 56520, 27.37% of households rent, and 37.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56520 is $5,708 per month. Households that rent pay about 24.16% of their income on rent here. 56520’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern 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
- 58076, ND: higher priced homes
- 58075, ND: higher priced homes
- 56543, MN: higher priced homes
- 56522, MN: higher priced homes
- 58061, ND: higher priced homes
- 58008, ND: higher priced homes
- 58058, ND: higher priced homes
- 56533, MN: higher priced homes
- 56537, MN: higher priced homes
- 58081, ND: higher priced homes
Zip Codes with Similar Populations
- 34756, FL: higher priced homes
- 73542, OK: less expensive homes
- 03451, NH: higher priced homes
- 55981, MN: higher priced homes
- 37709, TN: higher priced homes
- 87026, NM: less expensive homes
- 27027, NC: less expensive homes
- 24486, VA: higher priced homes
- 17252, PA: higher priced homes
- 14042, NY: less expensive homes
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