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These days, finding an affordable place to live in the 56762 area can be challenging. Home prices in 56762 are now at a median cost of $163,863, lower than the Minnesota average of $345,793.
The average cost of rent is $769/mo in 56762, primarily driven by the current value of real estate in the 56762 area. In 56762, 26.51% of households rent, and 46.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56762 is $5,581 per month. Households that rent pay about 13.77% of their income on rent here. 56762’s most expensive areas are in the southern regions, while the cheapest areas are in the northern 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
- 56710, MN: equally priced homes
- 56744, MN: equally priced homes
- 56760, MN: higher priced homes
- 58256, ND: higher priced homes
- 58261, ND: less expensive homes
- 56701, MN: higher priced homes
- 56754, MN: higher priced homes
- 58258, ND: higher priced homes
- 58235, ND: equally priced homes
- 58233, ND: less expensive homes
Zip Codes with Similar Populations
- 49620, MI: higher priced homes
- 98856, WA: higher priced homes
- 97437, OR: higher priced homes
- 97380, OR: higher priced homes
- 84317, UT: higher priced homes
- 72135, AR: higher priced homes
- 71640, AR: less expensive homes
- 70783, LA: higher priced homes
- 65713, MO: higher priced homes
- 61842, IL: equally priced homes
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