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These days, finding an affordable place to live in the 56722 area can be challenging. Home prices in 56722 are now at a median cost of $248,389, lower than the Minnesota average of $345,793.
The average cost of rent is $1,163/mo in 56722, primarily driven by the current value of real estate in the 56722 area. In 56722, 3.64% of households rent, and 50.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56722 is $8,320 per month. Households that rent pay about 13.98% of their income on rent here. 56722’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern 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
- 56721, MN: equally priced homes
- 56750, MN: less expensive homes
- 58201, ND: higher priced homes
- 58203, ND: less expensive homes
- 58202, ND: higher priced homes
- 56754, MN: less expensive homes
- 58256, ND: equally priced homes
- 56748, MN: less expensive homes
- 58258, ND: equally priced homes
- 58228, ND: higher priced homes
Zip Codes with Similar Populations
- 79342, TX: less expensive homes
- 49282, MI: less expensive homes
- 49626, MI: less expensive homes
- 50051, IA: less expensive homes
- 50571, IA: less expensive homes
- 50633, IA: less expensive homes
- 75157, TX: higher priced homes
- 78598, TX: less expensive homes
- 78879, TX: less expensive homes
- 47983, IN: higher priced homes
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