ZIP code 56071: income, home prices and cost of living

The median household income in ZIP 56071 is $107,926, which is 42% above the Minnesota median of $76,183 and 57% above the national figure. The typical home is valued at $355,500, and the median rent is $1,173/month. 87.7% of households own their home.

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

Median household income

$107,926

Minnesota average
$76,18342%
National
$68,75057%

Median home value

$355,500

Minnesota average
$240,20048%
National
$209,60070%

Median gross rent

$1,173

Minnesota average
$90629%
National
$98419%

Median age

36.7 yrs

Minnesota average
41.1 yrs11%
National
41.0 yrs10%

Homeownership rate

87.7%

Minnesota average
82.1%7%
National
75.8%16%

Bachelor's degree or higher

22.4%

Minnesota average
17.8%26%
National
15.9%41%

How ZIP 56071 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.

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Homes in 56071 typically sell around $355,500. Compare what a vetted mortgage pro can actually offer you before you commit.

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Nearby ZIP codes in Minnesota

56073560815608256058560855609356101560315601156007

Or compare 56071 with 56073.

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See every local figure on the Minnesota money guide.

What people search about ZIP 56071

Searches for the cost of living in 56071, the median household income in 56071, average rent in 56071 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.

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Methodology

Figures describe ZIP Code Tabulation Area 56071, 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.