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These days, finding an affordable place to live in the 56524 area can be challenging. Home prices in 56524 are now at a median cost of $323,244, lower than the Minnesota average of $345,793.
The average cost of rent is $1,104/mo in 56524, primarily driven by the current value of real estate in the 56524 area. In 56524, 9.46% of households rent, and 56.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56524 is $6,817 per month. Households that rent pay about 16.19% of their income on rent here. 56524’s most expensive areas are in the western regions, while the cheapest areas are in the eastern 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
- 56588, MN: equally priced homes
- 56515, MN: higher priced homes
- 56551, MN: less expensive homes
- 56586, MN: equally priced homes
- 56324, MN: equally priced homes
- 56361, MN: less expensive homes
- 56527, MN: less expensive homes
- 56537, MN: less expensive homes
- 56453, MN: less expensive homes
- 56446, MN: less expensive homes
Zip Codes with Similar Populations
- 41824, KY: less expensive homes
- 50471, IA: less expensive homes
- 97492, OR: less expensive homes
- 50246, IA: less expensive homes
- 50164, IA: less expensive homes
- 50134, IA: equally priced homes
- 98283, WA: higher priced homes
- 47942, IN: less expensive homes
- 99008, WA: less expensive homes
- 43930, OH: less expensive homes
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