ZIP code 56007: income, home prices and cost of living

The median household income in ZIP 56007 is $62,113, which is 18% below the Minnesota median of $76,183 and 10% below the national figure. The typical home is valued at $150,500, and the median rent is $812/month. 74.8% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$62,113

Minnesota average
$76,18318%
National
$68,75010%

Median home value

$150,500

Minnesota average
$240,20037%
National
$209,60028%

Median gross rent

$812

Minnesota average
$90610%
National
$98417%

Median age

44.3 yrs

Minnesota average
41.1 yrs8%
National
41.0 yrs8%

Homeownership rate

74.8%

Minnesota average
82.1%9%
National
75.8%1%

Bachelor's degree or higher

11.8%

Minnesota average
17.8%34%
National
15.9%26%

How ZIP 56007 compares with Minnesota and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

Get a free review of your debt options

Household income in 56007 runs below the Minnesota median, which makes debt payments bite harder. A vetted specialist can walk you through the options.

Review my debt options

Nearby ZIP codes in Minnesota

56003560115600155992559875603155976559725596356058

Or compare 56007 with 56003.

Run your own numbers

Cost of living calculatorBudget calculatorMortgage calculator

See every local figure on the Minnesota money guide.

What people search about ZIP 56007

Searches for the cost of living in 56007, the median household income in 56007, average rent in 56007 and home values in this part of Minnesota all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

  • cost of living in 56007
  • median household income in 56007
  • home values in 56007
  • average rent in 56007
  • property tax in 56007
  • housing market in 56007

Methodology

Figures describe ZIP Code Tabulation Area 56007, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.