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These days, finding an affordable place to live in the 55003 area can be challenging. Home prices in 55003 are now at a median cost of $378,863, higher than the Minnesota average of $345,793.
The average cost of rent is $1,722/mo in 55003, primarily driven by the current value of real estate in the 55003 area. In 55003, 8.36% of households rent, and 23.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55003 is $10,531 per month. Households that rent pay about 16.35% of their income on rent here. 55003’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern 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
- 55082, MN: higher priced homes
- 54082, WI: higher priced homes
- 54016, WI: higher priced homes
- 55043, MN: equally priced homes
- 55042, MN: higher priced homes
- 55001, MN: higher priced homes
- 55090, MN: equally priced homes
- 55115, MN: higher priced homes
- 55128, MN: less expensive homes
- 55129, MN: higher priced homes
Zip Codes with Similar Populations
- 72576, AR: less expensive homes
- 30828, GA: less expensive homes
- 31006, GA: less expensive homes
- 31301, GA: less expensive homes
- 32180, FL: less expensive homes
- 32331, FL: less expensive homes
- 32567, FL: less expensive homes
- 32667, FL: less expensive homes
- 71486, LA: less expensive homes
- 72342, AR: less expensive homes
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