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These days, finding an affordable place to live in the 56662 area can be challenging. Home prices in 56662 are now at a median cost of $273,232, lower than the Minnesota average of $345,793.
The average cost of rent is $703/mo in 56662, primarily driven by the current value of real estate in the 56662 area. In 56662, 8.30% of households rent, and 45.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56662 is $5,048 per month. Households that rent pay about 13.92% of their income on rent here. 56662’s most expensive areas are in the northern 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
- 56447, MN: higher priced homes
- 56448, MN: higher priced homes
- 55785, MN: less expensive homes
- 56655, MN: higher priced homes
- 56469, MN: less expensive homes
- 56474, MN: equally priced homes
- 56435, MN: equally priced homes
- 56452, MN: higher priced homes
- 55752, MN: equally priced homes
- 56433, MN: equally priced homes
Zip Codes with Similar Populations
- 55764, MN: less expensive homes
- 83271, ID: less expensive homes
- 80438, CO: higher priced homes
- 78949, TX: less expensive homes
- 78944, TX: higher priced homes
- 78830, TX: less expensive homes
- 78146, TX: less expensive homes
- 78027, TX: higher priced homes
- 76041, TX: equally priced homes
- 74830, OK: less expensive homes
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