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These days, finding an affordable place to live in the 55001 area can be challenging. Home prices in 55001 are now at a median cost of $685,936, higher than the Minnesota average of $345,793.
The average cost of rent is $2,125/mo in 55001, primarily driven by the current value of real estate in the 55001 area. In 55001, 1.65% of households rent, and 45.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55001 is $11,859 per month. Households that rent pay about 17.92% of their income on rent here. 55001’s most expensive areas are in the central regions, while the cheapest areas are in the southern 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
- 55043, MN: less expensive homes
- 55129, MN: less expensive homes
- 55125, MN: less expensive homes
- 54016, WI: less expensive homes
- 55042, MN: less expensive homes
- 55016, MN: less expensive homes
- 55003, MN: less expensive homes
- 55128, MN: less expensive homes
- 55055, MN: less expensive homes
- 55071, MN: less expensive homes
Zip Codes with Similar Populations
- 40516, KY: less expensive homes
- 08804, NJ: less expensive homes
- 95663, CA: higher priced homes
- 85708, AZ: less expensive homes
- 72662, AR: less expensive homes
- 71957, AR: less expensive homes
- 64644, MO: less expensive homes
- 58540, ND: less expensive homes
- 52328, IA: less expensive homes
- 52052, IA: less expensive homes
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