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These days, finding an affordable place to live in the 56543 area can be challenging. Home prices in 56543 are now at a median cost of $187,461, lower than the Minnesota average of $345,793.
The average cost of rent is $871/mo in 56543, primarily driven by the current value of real estate in the 56543 area. In 56543, 9.25% of households rent, and 49.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56543 is $6,912 per month. Households that rent pay about 12.60% of their income on rent here. 56543’s most expensive areas are in the northern 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
- 56522, MN: equally priced homes
- 56533, MN: higher priced homes
- 56520, MN: less expensive homes
- 56537, MN: higher priced homes
- 58076, ND: equally priced homes
- 58075, ND: equally priced homes
- 56324, MN: higher priced homes
- 56586, MN: higher priced homes
- 58061, ND: higher priced homes
- 56515, MN: higher priced homes
Zip Codes with Similar Populations
- 59035, MT: equally priced homes
- 54931, WI: higher priced homes
- 55742, MN: higher priced homes
- 55785, MN: equally priced homes
- 55933, MN: higher priced homes
- 57335, SD: less expensive homes
- 57467, SD: equally priced homes
- 58067, ND: less expensive homes
- 58222, ND: less expensive homes
- 58443, ND: higher priced homes
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