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These days, finding an affordable place to live in the 56716 area can be challenging. Home prices in 56716 are now at a median cost of $169,659, lower than the Minnesota average of $269,934.
The average cost of rent is $796/mo in 56716, primarily driven by the current value of real estate in the 56716 area. While nearly 45.61% of residents own their homes outright in 56716, 39.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56716 is $4,586 per month. Households that rent pay about 17.36% of their income on rent here. 56716's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 56723, MN: higher priced homes
- 56523, MN: equally priced homes
- 56750, MN: less expensive homes
- 56736, MN: equally priced homes
- 58201, ND: higher priced homes
- 58278, ND: higher priced homes
- 58275, ND: higher priced homes
- 56535, MN: higher priced homes
- 56715, MN: less expensive homes
- 56556, MN: less expensive homes
Zip Codes with Similar Populations
- 60449, IL: higher priced homes
- 75495, TX: higher priced homes
- 73075, OK: less expensive homes
- 72560, AR: less expensive homes
- 72405, AR: higher priced homes
- 70345, LA: less expensive homes
- 70113, LA: higher priced homes
- 67152, KS: less expensive homes
- 67052, KS: higher priced homes
- 66547, KS: equally priced homes
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