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These days, finding an affordable place to live in the 56586 area can be challenging. Home prices in 56586 are now at a median cost of $318,908, lower than the Minnesota average of $345,793.
The average cost of rent is $886/mo in 56586, primarily driven by the current value of real estate in the 56586 area. In 56586, 5.33% of households rent, and 46.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56586 is $6,795 per month. Households that rent pay about 13.03% of their income on rent here. 56586’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern 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
- 56515, MN: higher priced homes
- 56537, MN: less expensive homes
- 56524, MN: equally priced homes
- 56576, MN: equally priced homes
- 56534, MN: less expensive homes
- 56533, MN: less expensive homes
- 56571, MN: higher priced homes
- 56588, MN: equally priced homes
- 56551, MN: less expensive homes
- 56543, MN: less expensive homes
Zip Codes with Similar Populations
- 59221, MT: less expensive homes
- 30568, GA: equally priced homes
- 36475, AL: less expensive homes
- 37318, TN: less expensive homes
- 37325, TN: less expensive homes
- 38368, TN: less expensive homes
- 40507, KY: higher priced homes
- 42352, KY: less expensive homes
- 43136, OH: higher priced homes
- 03221, NH: equally priced homes
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