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These days, finding an affordable place to live in the 56562 area can be challenging. Home prices in 56562 are now at a median cost of $178,361, lower than the Minnesota average of $269,934.
The average cost of rent is $1,006/mo in 56562, primarily driven by the current value of real estate in the 56562 area. While nearly 24.89% of residents own their homes outright in 56562, 47.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56562 is $7,052 per month. Households that rent pay about 14.26% of their income on rent here. 56562's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 56563, MN: equally priced homes
- 56560, MN: higher priced homes
- 58103, ND: equally priced homes
- 58105, ND: higher priced homes
- 58102, ND: higher priced homes
- 56529, MN: 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
- 52720, IA: less expensive homes
- 66834, KS: less expensive homes
- 62893, IL: less expensive homes
- 62465, IL: less expensive homes
- 60930, IL: less expensive homes
- 58773, ND: equally priced homes
- 58077, ND: higher priced homes
- 56757, MN: less expensive homes
- 56736, MN: equally priced homes
- 56343, MN: higher priced homes
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