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These days, finding an affordable place to live in the 55005 area can be challenging. Home prices in 55005 are now at a median cost of $271,720, higher than the Minnesota average of $269,934.
The average cost of rent is $1,555/mo in 55005, primarily driven by the current value of real estate in the 55005 area. While nearly 27.93% of residents own their homes outright in 55005, 6.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55005 is $8,132 per month. Households that rent pay about 19.12% of their income on rent here. 55005's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 55011, MN: higher priced homes
- 55070, MN: less expensive homes
- 55040, MN: less expensive homes
- 55079, MN: equally priced homes
- 55092, MN: higher priced homes
- 55304, MN: higher priced homes
- 55303, MN: equally priced homes
- 55025, MN: higher priced homes
- 55013, MN: equally priced homes
- 55327, MN: higher priced homes
Zip Codes with Similar Populations
- 25545, WV: less expensive homes
- 77514, TX: less expensive homes
- 77435, TX: less expensive homes
- 77358, TX: less expensive homes
- 76834, TX: less expensive homes
- 75692, TX: less expensive homes
- 75561, TX: less expensive homes
- 75410, TX: less expensive homes
- 72634, AR: less expensive homes
- 70441, LA: less expensive homes
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