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These days, finding an affordable place to live in the 56701 area can be challenging. Home prices in 56701 are now at a median cost of $163,969, lower than the Minnesota average of $269,934.
The average cost of rent is $834/mo in 56701, primarily driven by the current value of real estate in the 56701 area. While nearly 42.32% of residents own their homes outright in 56701, 27.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56701 is $5,298 per month. Households that rent pay about 15.75% of their income on rent here. 56701's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 56754, MN: higher priced homes
- 56760, MN: equally priced homes
- 56725, MN: equally priced homes
- 56762, MN: less expensive homes
- 56710, MN: less expensive homes
- 56744, MN: less expensive homes
- 58256, ND: higher priced homes
- 58258, ND: higher priced homes
- 58261, ND: less expensive homes
- 58235, ND: less expensive homes
Zip Codes with Similar Populations
- 48840, MI: higher priced homes
- 83350, ID: equally priced homes
- 70538, LA: less expensive homes
- 06120, CT: less expensive homes
- 23511, VA: higher priced homes
- 21666, MD: higher priced homes
- 20607, MD: higher priced homes
- 20005, DC: higher priced homes
- 19943, DE: higher priced homes
- 16802, PA: higher priced homes
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