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These days, finding an affordable place to live in the 56545 area can be challenging. Home prices in 56545 are now at a median cost of $173,183, lower than the Minnesota average of $345,793.
The average cost of rent is $799/mo in 56545, primarily driven by the current value of real estate in the 56545 area. In 56545, 9.85% of households rent, and 54.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56545 is $7,236 per month. Households that rent pay about 11.05% of their income on rent here. 56545’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
- 56584, MN: less expensive homes
- 56516, MN: equally priced homes
- 56510, MN: less expensive homes
- 56557, MN: less expensive homes
- 56548, MN: less expensive homes
- 56581, MN: less expensive homes
- 56550, MN: less expensive homes
- 56651, MN: higher priced homes
- 56566, MN: higher priced homes
- 58219, ND: higher priced homes
Zip Codes with Similar Populations
- 29320, SC: less expensive homes
- 83645, ID: higher priced homes
- 50449, IA: less expensive homes
- 46766, IN: less expensive homes
- 43948, OH: less expensive homes
- 41828, KY: less expensive homes
- 41669, KY: less expensive homes
- 40813, KY: less expensive homes
- 40115, KY: less expensive homes
- 35112, AL: higher priced homes
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