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These days, finding an affordable place to live in the 56587 area can be challenging. Home prices in 56587 are now at a median cost of $379,498, higher than the Minnesota average of $345,793.
The average cost of rent is $1,080/mo in 56587, primarily driven by the current value of real estate in the 56587 area. In 56587, 8.06% of households rent, and 48.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56587 is $7,321 per month. Households that rent pay about 14.75% of their income on rent here. 56587’s most expensive areas are in the northeastern 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
- 56528, MN: equally priced homes
- 56544, MN: less expensive homes
- 56572, MN: less expensive homes
- 56573, MN: less expensive homes
- 56567, MN: less expensive homes
- 56514, MN: less expensive homes
- 56464, MN: less expensive homes
- 56477, MN: less expensive homes
- 56580, MN: less expensive homes
- 56594, MN: less expensive homes
Zip Codes with Similar Populations
- 81022, CO: less expensive homes
- 25181, WV: less expensive homes
- 27845, NC: less expensive homes
- 38838, MS: less expensive homes
- 43432, OH: less expensive homes
- 45146, OH: less expensive homes
- 45148, OH: less expensive homes
- 47561, IN: less expensive homes
- 49050, MI: less expensive homes
- 76472, TX: less expensive homes
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