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These days, finding an affordable place to live in the 56550 area can be challenging. Home prices in 56550 are now at a median cost of $95,337, lower than the Minnesota average of $269,934.
The average cost of rent is $771/mo in 56550, primarily driven by the current value of real estate in the 56550 area. While nearly 53.95% of residents own their homes outright in 56550, 12.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56550 is $5,181 per month. Households that rent pay about 14.88% of their income on rent here. 56550's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 56574, MN: equally priced homes
- 56548, MN: higher priced homes
- 58038, ND: higher priced homes
- 58036, ND: higher priced homes
- 56510, MN: higher priced homes
- 58045, ND: higher priced homes
- 56519, MN: higher priced homes
- 58048, ND: higher priced homes
- 58009, ND: higher priced homes
- 58006, ND: higher priced homes
Zip Codes with Similar Populations
- 72677, AR: equally priced homes
- 51654, IA: higher priced homes
- 52737, IA: higher priced homes
- 54450, WI: higher priced homes
- 57787, SD: higher priced homes
- 58006, ND: higher priced homes
- 58541, ND: higher priced homes
- 69170, NE: higher priced homes
- 72425, AR: less expensive homes
- 72478, AR: less expensive homes
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