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These days, finding an affordable place to live in the 55007 area can be challenging. Home prices in 55007 are now at a median cost of $237,279, lower than the Minnesota average of $345,793.
The average cost of rent is $1,108/mo in 55007, primarily driven by the current value of real estate in the 55007 area. In 55007, 8.83% of households rent, and 43.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55007 is $6,027 per month. Households that rent pay about 18.39% of their income on rent here. 55007’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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
- 55036, MN: less expensive homes
- 55030, MN: equally priced homes
- 55051, MN: equally priced homes
- 55063, MN: equally priced homes
- 55037, MN: equally priced homes
- 56358, MN: equally priced homes
- 56359, MN: equally priced homes
- 56338, MN: higher priced homes
- 54893, WI: equally priced homes
- 54830, WI: higher priced homes
Zip Codes with Similar Populations
- 01537, MA: higher priced homes
- 36032, AL: less expensive homes
- 36453, AL: less expensive homes
- 37345, TN: less expensive homes
- 40486, KY: less expensive homes
- 42048, KY: less expensive homes
- 43944, OH: less expensive homes
- 44849, OH: less expensive homes
- 45101, OH: less expensive homes
- 46743, IN: higher priced homes
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