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These days, finding an affordable place to live in the 56563 area can be challenging. Home prices in 56563 are now at a median cost of $172,600, lower than the Minnesota average of $269,934.
The average cost of rent is $632/mo in 56563, primarily driven by the current value of real estate in the 56563 area. While nearly 25.58% of residents own their homes outright in 56563, 80.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56563 is $1,716 per month. Households that rent pay about 36.84% of their income on rent here. 56563's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 56560, MN: higher priced homes
- 56562, MN: equally priced homes
- 56529, MN: higher priced homes
- 58102, ND: higher priced homes
- 58105, ND: higher priced homes
- 58103, ND: higher priced homes
- 58104, ND: higher priced homes
- 58078, ND: higher priced homes
- 56547, MN: higher priced homes
- 56580, MN: higher priced homes
Zip Codes with Similar Populations
- 49623, MI: less expensive homes
- 76250, TX: higher priced homes
- 75944, TX: less expensive homes
- 75667, TX: less expensive homes
- 74944, OK: less expensive homes
- 58849, ND: higher priced homes
- 58370, ND: less expensive homes
- 57577, SD: less expensive homes
- 54875, WI: less expensive homes
- 54175, WI: higher priced homes
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