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These days, finding an affordable place to live in the 56566 area can be challenging. Home prices in 56566 are now at a median cost of $196,024, lower than the Minnesota average of $345,793.
The average cost of rent is $613/mo in 56566, primarily driven by the current value of real estate in the 56566 area. In 56566, 19.44% of households rent, and 58.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56566 is $5,216 per month. Households that rent pay about 11.74% of their income on rent here. 56566’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern 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
- 56589, MN: equally priced homes
- 56557, MN: less expensive homes
- 56541, MN: less expensive homes
- 56584, MN: less expensive homes
- 56545, MN: less expensive homes
- 56458, MN: higher priced homes
- 56461, MN: higher priced homes
- 56510, MN: less expensive homes
- 56519, MN: equally priced homes
- 56436, MN: higher priced homes
Zip Codes with Similar Populations
- 26621, WV: equally priced homes
- 33521, FL: higher priced homes
- 30912, GA: less expensive homes
- 30455, GA: less expensive homes
- 29543, SC: less expensive homes
- 28646, NC: higher priced homes
- 96038, CA: higher priced homes
- 96128, CA: higher priced homes
- 26815, WV: equally priced homes
- 35458, AL: less expensive homes
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