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These days, finding an affordable place to live in the 56623 area can be challenging. Home prices in 56623 are now at a median cost of $219,231, lower than the Minnesota average of $345,793.
The average cost of rent is $964/mo in 56623, primarily driven by the current value of real estate in the 56623 area. In 56623, 20.94% of households rent, and 56.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56623 is $6,189 per month. Households that rent pay about 15.58% of their income on rent here. 56623’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern 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
- 56686, MN: equally priced homes
- 56629, MN: less expensive homes
- 56673, MN: less expensive homes
- 56763, MN: less expensive homes
- 56756, MN: less expensive homes
- 56761, MN: less expensive homes
- 56751, MN: less expensive homes
- 56668, MN: higher priced homes
- 56714, MN: less expensive homes
- 56726, MN: less expensive homes
Zip Codes with Similar Populations
- 04757, ME: less expensive homes
- 08733, NJ: equally priced homes
- 12117, NY: equally priced homes
- 20861, MD: higher priced homes
- 17267, PA: higher priced homes
- 19043, PA: higher priced homes
- 19930, DE: higher priced homes
- 20763, MD: higher priced homes
- 56150, MN: less expensive homes
- 77702, TX: less expensive homes
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