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These days, finding an affordable place to live in the 56720 area can be challenging. Home prices in 56720 are now at a median cost of $114,000, lower than the Minnesota average of $269,934.
The average cost of rent is $845/mo in 56720, primarily driven by the current value of real estate in the 56720 area. While nearly 69.64% of residents own their homes outright in 56720, 11.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56720 is $5,972 per month. Households that rent pay about 14.15% of their income on rent here. 56720's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 56733, MN: equally priced homes
- 56757, MN: less expensive homes
- 58225, ND: less expensive homes
- 56729, MN: equally priced homes
- 56732, MN: less expensive homes
- 56758, MN: equally priced homes
- 58276, ND: less expensive homes
- 58237, ND: less expensive homes
- 58243, ND: less expensive homes
- 58222, ND: less expensive homes
Zip Codes with Similar Populations
- 95191, CA: higher priced homes
- 46980, IN: higher priced homes
- 97917, OR: higher priced homes
- 47467, IN: higher priced homes
- 47654, IN: equally priced homes
- 47831, IN: less expensive homes
- 47836, IN: higher priced homes
- 96135, CA: higher priced homes
- 50110, IA: higher priced homes
- 50127, IA: higher priced homes
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