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These days, finding an affordable place to live in the 56534 area can be challenging. Home prices in 56534 are now at a median cost of $281,043, lower than the Minnesota average of $345,793.
The average cost of rent is $1,024/mo in 56534, primarily driven by the current value of real estate in the 56534 area. In 56534, 9.74% of households rent, and 47.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56534 is $7,097 per month. Households that rent pay about 14.43% of their income on rent here. 56534’s most expensive areas are in the southwestern 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
- 56533, MN: equally priced homes
- 56572, MN: equally priced homes
- 56528, MN: higher priced homes
- 56586, MN: higher priced homes
- 56579, MN: less expensive homes
- 56576, MN: higher priced homes
- 56571, MN: higher priced homes
- 56573, MN: equally priced homes
- 56551, MN: equally priced homes
- 56553, MN: less expensive homes
Zip Codes with Similar Populations
- 48469, MI: less expensive homes
- 63932, MO: less expensive homes
- 62979, IL: less expensive homes
- 61038, IL: equally priced homes
- 59812, MT: higher priced homes
- 57579, SD: less expensive homes
- 57273, SD: less expensive homes
- 56714, MN: less expensive homes
- 55314, MN: less expensive homes
- 54149, WI: less expensive homes
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