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These days, finding an affordable place to live in the 56589 area can be challenging. Home prices in 56589 are now at a median cost of $181,648, lower than the Minnesota average of $345,793.
The average cost of rent is $604/mo in 56589, primarily driven by the current value of real estate in the 56589 area. In 56589, 25.43% of households rent, and 57.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56589 is $5,088 per month. Households that rent pay about 11.87% of their income on rent here. 56589’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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
- 56591, MN: higher priced homes
- 56569, MN: higher priced homes
- 56566, MN: equally priced homes
- 56541, MN: less expensive homes
- 56575, MN: higher priced homes
- 56584, MN: less expensive homes
- 56585, MN: higher priced homes
- 56519, MN: equally priced homes
- 56536, MN: higher priced homes
- 56458, MN: higher priced homes
Zip Codes with Similar Populations
- 05459, VT: higher priced homes
- 78147, TX: higher priced homes
- 81039, CO: equally priced homes
- 31780, GA: less expensive homes
- 95645, CA: higher priced homes
- 26710, WV: equally priced homes
- 23038, VA: higher priced homes
- 21871, MD: equally priced homes
- 19534, PA: higher priced homes
- 16435, PA: less expensive homes
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