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These days, finding an affordable place to live in the 55020 area can be challenging. Home prices in 55020 are now at a median cost of $399,174, higher than the Minnesota average of $269,934.
The average cost of rent is $1,378/mo in 55020, primarily driven by the current value of real estate in the 55020 area. While nearly 11.83% of residents own their homes outright in 55020, 1.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55020 is $11,100 per month. Households that rent pay about 12.41% of their income on rent here. 55020's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 55054, MN: less expensive homes
- 55088, MN: equally priced homes
- 55046, MN: less expensive homes
- 55044, MN: equally priced homes
- 56071, MN: less expensive homes
- 55024, MN: less expensive homes
- 55057, MN: less expensive homes
- 55019, MN: less expensive homes
- 56069, MN: less expensive homes
- 55352, MN: less expensive homes
Zip Codes with Similar Populations
- 37310, TN: less expensive homes
- 80807, CO: less expensive homes
- 34201, FL: higher priced homes
- 35014, AL: less expensive homes
- 80645, CO: less expensive homes
- 35452, AL: less expensive homes
- 80443, CO: higher priced homes
- 80135, CO: higher priced homes
- 36445, AL: less expensive homes
- 32950, FL: less expensive homes
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