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These days, finding an affordable place to live in the 56544 area can be challenging. Home prices in 56544 are now at a median cost of $277,922, lower than the Minnesota average of $345,793.
The average cost of rent is $942/mo in 56544, primarily driven by the current value of real estate in the 56544 area. In 56544, 17.21% of households rent, and 46.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56544 is $6,267 per month. Households that rent pay about 15.03% of their income on rent here. 56544’s most expensive areas are in the southwestern 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
- 56501, MN: higher priced homes
- 56587, MN: higher priced homes
- 56511, MN: higher priced homes
- 56554, MN: higher priced homes
- 56464, MN: less expensive homes
- 56477, MN: less expensive homes
- 56549, MN: higher priced homes
- 56514, MN: equally priced homes
- 56547, MN: higher priced homes
- 56580, MN: equally priced homes
Zip Codes with Similar Populations
- 21791, MD: higher priced homes
- 89705, NV: higher priced homes
- 28073, NC: less expensive homes
- 28018, NC: less expensive homes
- 96101, CA: less expensive homes
- 98380, WA: higher priced homes
- 24482, VA: equally priced homes
- 23604, VA: equally priced homes
- 98812, WA: higher priced homes
- 22936, VA: higher priced homes
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