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These days, finding an affordable place to live in the 56711 area can be challenging. Home prices in 56711 are now at a median cost of $270,500, lower than the Minnesota average of $345,793.
The average cost of rent is $955/mo in 56711, primarily driven by the current value of real estate in the 56711 area. In 56711, 27.04% of households rent, and 57.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56711 is $3,396 per month. Households that rent pay about 28.12% of their income on rent here. 56711’s most expensive areas are in the central 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
- 56741, MN: equally priced homes
- 56763, MN: less expensive homes
- 56673, MN: less expensive homes
- 56686, MN: less expensive homes
- 56756, MN: less expensive homes
- 56623, MN: less expensive homes
- 56751, MN: less expensive homes
- 56714, MN: less expensive homes
- 56761, MN: less expensive homes
- 56629, MN: less expensive homes
Zip Codes with Similar Populations
- 74521, OK: less expensive homes
- 58372, ND: less expensive homes
- 00611, PR: less expensive homes
- 58524, ND: less expensive homes
- 58569, ND: less expensive homes
- 58712, ND: less expensive homes
- 58778, ND: less expensive homes
- 58833, ND: less expensive homes
- 59863, MT: higher priced homes
- 60932, IL: less expensive homes
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