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Affordable
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These days, finding an affordable place to live in the 55011 area can be challenging. Home prices in 55011 are now at a median cost of $404,223, higher than the Minnesota average of $345,793.
The average cost of rent is $1,930/mo in 55011, primarily driven by the current value of real estate in the 55011 area. In 55011, 5.90% of households rent, and 32.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55011 is $9,279 per month. Households that rent pay about 20.80% of their income on rent here. 55011’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern 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
- 55005, MN: less expensive homes
- 55070, MN: less expensive homes
- 55304, MN: equally priced homes
- 55040, MN: less expensive homes
- 55303, MN: less expensive homes
- 55092, MN: equally priced homes
- 55079, MN: less expensive homes
- 55327, MN: higher priced homes
- 55025, MN: equally priced homes
- 55330, MN: equally priced homes
Zip Codes with Similar Populations
- 14454, NY: less expensive homes
- 17313, PA: less expensive homes
- 14625, NY: less expensive homes
- 15203, PA: less expensive homes
- 15207, PA: less expensive homes
- 70445, LA: less expensive homes
- 78061, TX: less expensive homes
- 70443, LA: less expensive homes
- 66720, KS: less expensive homes
- 66086, KS: less expensive homes
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