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These days, finding an affordable place to live in the 56556 area can be challenging. Home prices in 56556 are now at a median cost of $165,013, lower than the Minnesota average of $345,793.
The average cost of rent is $714/mo in 56556, primarily driven by the current value of real estate in the 56556 area. In 56556, 29.58% of households rent, and 52.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56556 is $5,125 per month. Households that rent pay about 13.93% of their income on rent here. 56556’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern 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
- 56535, MN: higher priced homes
- 56592, MN: equally priced homes
- 56542, MN: higher priced homes
- 56736, MN: higher priced homes
- 56646, MN: higher priced homes
- 56644, MN: higher priced homes
- 56540, MN: higher priced homes
- 56634, MN: higher priced homes
- 56652, MN: higher priced homes
- 56517, MN: equally priced homes
Zip Codes with Similar Populations
- 38391, TN: less expensive homes
- 75928, TX: less expensive homes
- 75560, TX: less expensive homes
- 74951, OK: less expensive homes
- 72773, AR: equally priced homes
- 02071, MA: higher priced homes
- 46348, IN: equally priced homes
- 39643, MS: less expensive homes
- 39361, MS: less expensive homes
- 77442, TX: higher priced homes
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