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These days, finding an affordable place to live in the 56581 area can be challenging. Home prices in 56581 are now at a median cost of $134,200, lower than the Minnesota average of $345,793.
The average cost of rent is $697/mo in 56581, primarily driven by the current value of real estate in the 56581 area. In 56581, 20.08% of households rent, and 51.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56581 is $5,979 per month. Households that rent pay about 11.66% of their income on rent here. 56581’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 58219, ND: higher priced homes
- 56568, MN: higher priced homes
- 56548, MN: equally priced homes
- 58223, ND: higher priced homes
- 58045, ND: higher priced homes
- 56517, MN: higher priced homes
- 58218, ND: higher priced homes
- 56510, MN: equally priced homes
- 58009, ND: higher priced homes
- 58257, ND: higher priced homes
Zip Codes with Similar Populations
- 73727, OK: higher priced homes
- 58017, ND: higher priced homes
- 58035, ND: higher priced homes
- 58049, ND: higher priced homes
- 58210, ND: less expensive homes
- 58233, ND: equally priced homes
- 59274, MT: higher priced homes
- 59326, MT: higher priced homes
- 59447, MT: higher priced homes
- 59471, MT: higher priced homes
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