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These days, finding an affordable place to live in the 55006 area can be challenging. Home prices in 55006 are now at a median cost of $236,202, lower than the Minnesota average of $345,793.
The average cost of rent is $1,022/mo in 55006, primarily driven by the current value of real estate in the 55006 area. In 55006, 17.03% of households rent, and 33.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55006 is $6,351 per month. Households that rent pay about 16.09% of their income on rent here. 55006’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central 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
- 55080, MN: higher priced homes
- 55029, MN: higher priced homes
- 55030, MN: equally priced homes
- 55036, MN: less expensive homes
- 55069, MN: higher priced homes
- 55051, MN: equally priced homes
- 55063, MN: equally priced homes
- 55017, MN: higher priced homes
- 56358, MN: higher priced homes
- 56313, MN: higher priced homes
Zip Codes with Similar Populations
- 72020, AR: less expensive homes
- 37342, TN: higher priced homes
- 37656, TN: equally priced homes
- 37779, TN: less expensive homes
- 37843, TN: less expensive homes
- 38260, TN: less expensive homes
- 63660, MO: less expensive homes
- 68064, NE: higher priced homes
- 70543, LA: less expensive homes
- 70549, LA: less expensive homes
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