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Affordable
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These days, finding an affordable place to live in the 56601 area can be challenging. Home prices in 56601 are now at a median cost of $258,556, lower than the Minnesota average of $345,793.
The average cost of rent is $1,139/mo in 56601, primarily driven by the current value of real estate in the 56601 area. In 56601, 32.92% of households rent, and 43.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56601 is $6,430 per month. Households that rent pay about 17.71% of their income on rent here. 56601’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
- 56687, MN: less expensive homes
- 56678, MN: less expensive homes
- 56633, MN: less expensive homes
- 56676, MN: less expensive homes
- 56663, MN: less expensive homes
- 56621, MN: less expensive homes
- 56626, MN: less expensive homes
- 56651, MN: less expensive homes
- 56542, MN: less expensive homes
- 56636, MN: less expensive homes
Zip Codes with Similar Populations
- 13027, NY: equally priced homes
- 23229, VA: higher priced homes
- 27527, NC: higher priced homes
- 53219, WI: less expensive homes
- 92583, CA: higher priced homes
- 75701, TX: less expensive homes
- 75904, TX: less expensive homes
- 77532, TX: equally priced homes
- 80911, CO: higher priced homes
- 85048, AZ: higher priced homes
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