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These days, finding an affordable place to live in the 56724 area can be challenging. Home prices in 56724 are now at a median cost of $158,032, lower than the Minnesota average of $345,793.
The average cost of rent is $723/mo in 56724, primarily driven by the current value of real estate in the 56724 area. In 56724, 10.57% of households rent, and 51.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56724 is $6,855 per month. Households that rent pay about 10.54% of their income on rent here. 56724’s most expensive areas are in the southern 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
- 56727, MN: equally priced homes
- 56737, MN: equally priced homes
- 56759, MN: higher priced homes
- 56738, MN: higher priced homes
- 56758, MN: equally priced homes
- 56732, MN: less expensive homes
- 56713, MN: higher priced homes
- 56757, MN: less expensive homes
- 56720, MN: less expensive homes
- 58225, ND: less expensive homes
Zip Codes with Similar Populations
- 64499, MO: less expensive homes
- 66870, KS: less expensive homes
- 66782, KS: higher priced homes
- 65735, MO: higher priced homes
- 65589, MO: equally priced homes
- 65501, MO: equally priced homes
- 65484, MO: higher priced homes
- 65461, MO: higher priced homes
- 65327, MO: higher priced homes
- 64858, MO: higher priced homes
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