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These days, finding an affordable place to live in the 56554 area can be challenging. Home prices in 56554 are now at a median cost of $385,009, higher than the Minnesota average of $345,793.
The average cost of rent is $919/mo in 56554, primarily driven by the current value of real estate in the 56554 area. In 56554, 8.50% of households rent, and 42.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56554 is $7,622 per month. Households that rent pay about 12.06% of their income on rent here. 56554’s most expensive areas are in the southeastern 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
- 56511, MN: equally priced homes
- 56549, MN: less expensive homes
- 56552, MN: less expensive homes
- 56501, MN: less expensive homes
- 56521, MN: less expensive homes
- 56577, MN: less expensive homes
- 56578, MN: less expensive homes
- 56544, MN: less expensive homes
- 56547, MN: less expensive homes
- 56580, MN: less expensive homes
Zip Codes with Similar Populations
- 55307, MN: less expensive homes
- 64862, MO: less expensive homes
- 64658, MO: less expensive homes
- 64640, MO: less expensive homes
- 57380, SD: less expensive homes
- 57325, SD: less expensive homes
- 56671, MN: less expensive homes
- 56358, MN: less expensive homes
- 56087, MN: less expensive homes
- 56062, MN: less expensive homes
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