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These days, finding an affordable place to live in the 55024 area can be challenging. Home prices in 55024 are now at a median cost of $392,873, higher than the Minnesota average of $345,793.
The average cost of rent is $1,665/mo in 55024, primarily driven by the current value of real estate in the 55024 area. In 55024, 11.44% of households rent, and 21.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55024 is $10,874 per month. Households that rent pay about 15.31% of their income on rent here. 55024’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern 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
- 55044, MN: higher priced homes
- 55068, MN: equally priced homes
- 55124, MN: equally priced homes
- 55306, MN: equally priced homes
- 55337, MN: less expensive homes
- 55085, MN: equally priced homes
- 55031, MN: equally priced homes
- 55378, MN: higher priced homes
- 55020, MN: higher priced homes
- 55054, MN: higher priced homes
Zip Codes with Similar Populations
- 32506, FL: less expensive homes
- 31904, GA: less expensive homes
- 19128, PA: equally priced homes
- 30265, GA: equally priced homes
- 29349, SC: less expensive homes
- 66048, KS: less expensive homes
- 33435, FL: equally priced homes
- 37160, TN: less expensive homes
- 37601, TN: less expensive homes
- 48178, MI: equally priced homes
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