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These days, finding an affordable place to live in the 56731 area can be challenging. Home prices in 56731 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 56731, primarily driven by the current value of real estate in the 56731 area. While nearly 69.64% of residents own their homes outright in 56731, 11.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56731 is $5,972 per month. Households that rent pay about 14.15% of their income on rent here. 56731's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 56755, MN: equally priced homes
- 58271, ND: equally priced homes
- 56735, MN: higher priced homes
- 58216, ND: less expensive homes
- 58265, ND: less expensive homes
- 58282, ND: equally priced homes
- 56751, MN: higher priced homes
- 58281, ND: equally priced homes
- 56756, MN: higher priced homes
- 58239, ND: equally priced homes
Zip Codes with Similar Populations
- 59535, MT: higher priced homes
- 78802, TX: equally priced homes
- 78338, TX: higher priced homes
- 77614, TX: equally priced homes
- 63535, MO: less expensive homes
- 61468, IL: higher priced homes
- 60956, IL: equally priced homes
- 60519, IL: higher priced homes
- 60141, IL: higher priced homes
- 78841, TX: less expensive homes
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