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Expensive
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These days, finding an affordable place to live in the 55031 area can be challenging. Home prices in 55031 are now at a median cost of $323,403, higher than the Minnesota average of $269,934.
The average cost of rent is $958/mo in 55031, primarily driven by the current value of real estate in the 55031 area. While nearly 34.52% of residents own their homes outright in 55031, 11.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55031 is $7,818 per month. Households that rent pay about 12.25% of their income on rent here. 55031's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 55085, MN: equally priced homes
- 55065, MN: equally priced homes
- 55024, MN: equally priced homes
- 55033, MN: equally priced homes
- 55068, MN: equally priced homes
- 55089, MN: less expensive homes
- 55124, MN: equally priced homes
- 55044, MN: higher priced homes
- 54021, WI: less expensive homes
- 55306, MN: less expensive homes
Zip Codes with Similar Populations
- 12958, NY: less expensive homes
- 14767, NY: less expensive homes
- 15724, PA: less expensive homes
- 15747, PA: less expensive homes
- 73048, OK: less expensive homes
- 76578, TX: less expensive homes
- 72642, AR: less expensive homes
- 72619, AR: less expensive homes
- 68832, NE: less expensive homes
- 63967, MO: less expensive homes
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