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These days, finding an affordable place to live in the 55008 area can be challenging. Home prices in 55008 are now at a median cost of $295,731, lower than the Minnesota average of $345,793.
The average cost of rent is $1,376/mo in 55008, primarily driven by the current value of real estate in the 55008 area. In 55008, 24.28% of households rent, and 33.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55008 is $6,784 per month. Households that rent pay about 20.28% of their income on rent here. 55008’s most expensive areas are in the northwestern 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
- 55029, MN: higher priced homes
- 55040, MN: equally priced homes
- 55080, MN: higher priced homes
- 55032, MN: higher priced homes
- 55017, MN: higher priced homes
- 55056, MN: higher priced homes
- 55079, MN: higher priced homes
- 55069, MN: equally priced homes
- 55371, MN: equally priced homes
- 55398, MN: higher priced homes
Zip Codes with Similar Populations
- 65340, MO: less expensive homes
- 31513, GA: less expensive homes
- 31545, GA: less expensive homes
- 32922, FL: less expensive homes
- 32963, FL: higher priced homes
- 36854, AL: less expensive homes
- 37188, TN: higher priced homes
- 38672, MS: higher priced homes
- 00677, PR: less expensive homes
- 40071, KY: higher priced homes
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