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These days, finding an affordable place to live in the 55027 area can be challenging. Home prices in 55027 are now at a median cost of $339,873, lower than the Minnesota average of $345,793.
The average cost of rent is $1,025/mo in 55027, primarily driven by the current value of real estate in the 55027 area. In 55027, 10.85% of households rent, and 38.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55027 is $8,389 per month. Households that rent pay about 12.22% of their income on rent here. 55027’s most expensive areas are in the western regions, while the cheapest areas are in the northern 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
- 55066, MN: less expensive homes
- 55089, MN: equally priced homes
- 55009, MN: equally priced homes
- 55026, MN: higher priced homes
- 55041, MN: less expensive homes
- 55018, MN: higher priced homes
- 54769, WI: equally priced homes
- 55065, MN: higher priced homes
- 55053, MN: higher priced homes
- 54759, WI: less expensive homes
Zip Codes with Similar Populations
- 43943, OH: less expensive homes
- 72443, AR: less expensive homes
- 75416, TX: less expensive homes
- 76638, TX: equally priced homes
- 54984, WI: less expensive homes
- 79373, TX: less expensive homes
- 84631, UT: equally priced homes
- 96755, HI: higher priced homes
- 98612, WA: higher priced homes
- 49072, MI: less expensive homes
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