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These days, finding an affordable place to live in the 56560 area can be challenging. Home prices in 56560 are now at a median cost of $273,154, lower than the Minnesota average of $345,793.
The average cost of rent is $1,094/mo in 56560, primarily driven by the current value of real estate in the 56560 area. In 56560, 40.07% of households rent, and 33.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56560 is $6,499 per month. Households that rent pay about 16.84% of their income on rent here. 56560’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern 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
- 56563, MN: less expensive homes
- 56562, MN: equally priced homes
- 56529, MN: less expensive homes
- 58103, ND: less expensive homes
- 58102, ND: equally priced homes
- 58105, ND: higher priced homes
- 58104, ND: higher priced homes
- 58078, ND: higher priced homes
- 56580, MN: higher priced homes
- 56547, MN: higher priced homes
Zip Codes with Similar Populations
- 87123, NM: less expensive homes
- 43065, OH: higher priced homes
- 43147, OH: higher priced homes
- 48307, MI: higher priced homes
- 53209, WI: less expensive homes
- 60201, IL: higher priced homes
- 75703, TX: higher priced homes
- 78610, TX: higher priced homes
- 85205, AZ: higher priced homes
- 85382, AZ: higher priced homes
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