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These days, finding an affordable place to live in the 56542 area can be challenging. Home prices in 56542 are now at a median cost of $185,842, lower than the Minnesota average of $345,793.
The average cost of rent is $892/mo in 56542, primarily driven by the current value of real estate in the 56542 area. In 56542, 30.01% of households rent, and 52.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56542 is $5,543 per month. Households that rent pay about 16.10% of their income on rent here. 56542’s most expensive areas are in the northeastern 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
- 56556, MN: less expensive homes
- 56651, MN: higher priced homes
- 56592, MN: equally priced homes
- 56535, MN: higher priced homes
- 56516, MN: equally priced homes
- 56621, MN: equally priced homes
- 56634, MN: equally priced homes
- 56736, MN: higher priced homes
- 56652, MN: higher priced homes
- 56540, MN: equally priced homes
Zip Codes with Similar Populations
- 67449, KS: less expensive homes
- 47579, IN: higher priced homes
- 03258, NH: higher priced homes
- 49403, MI: higher priced homes
- 50849, IA: less expensive homes
- 56159, MN: equally priced homes
- 62097, IL: higher priced homes
- 63822, MO: less expensive homes
- 64755, MO: equally priced homes
- 64855, MO: equally priced homes
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