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Affordable
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These days, finding an affordable place to live in the 56763 area can be challenging. Home prices in 56763 are now at a median cost of $190,896, lower than the Minnesota average of $345,793.
The average cost of rent is $1,015/mo in 56763, primarily driven by the current value of real estate in the 56763 area. In 56763, 29.01% of households rent, and 50.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56763 is $5,786 per month. Households that rent pay about 17.54% of their income on rent here. 56763’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern 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
- 56756, MN: equally priced homes
- 56673, MN: equally priced homes
- 56686, MN: higher priced homes
- 56751, MN: equally priced homes
- 56714, MN: equally priced homes
- 56623, MN: higher priced homes
- 56726, MN: less expensive homes
- 56734, MN: less expensive homes
- 56735, MN: less expensive homes
- 56728, MN: less expensive homes
Zip Codes with Similar Populations
- 27235, NC: higher priced homes
- 83628, ID: higher priced homes
- 82941, WY: higher priced homes
- 81657, CO: higher priced homes
- 81137, CO: higher priced homes
- 80651, CO: higher priced homes
- 79536, TX: less expensive homes
- 78712, TX: higher priced homes
- 29128, SC: less expensive homes
- 28636, NC: equally priced homes
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