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These days, finding an affordable place to live in the 55032 area can be challenging. Home prices in 55032 are now at a median cost of $370,780, higher than the Minnesota average of $345,793.
The average cost of rent is $1,328/mo in 55032, primarily driven by the current value of real estate in the 55032 area. In 55032, 6.75% of households rent, and 34.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55032 is $9,258 per month. Households that rent pay about 14.34% of their income on rent here. 55032’s most expensive areas are in the northwestern 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
- 55056, MN: less expensive homes
- 55069, MN: less expensive homes
- 55080, MN: equally priced homes
- 55029, MN: less expensive homes
- 55008, MN: less expensive homes
- 55079, MN: equally priced homes
- 55040, MN: less expensive homes
- 55012, MN: equally priced homes
- 54006, WI: less expensive homes
- 55084, MN: less expensive homes
Zip Codes with Similar Populations
- 02635, MA: higher priced homes
- 63851, MO: less expensive homes
- 74370, OK: less expensive homes
- 75453, TX: less expensive homes
- 75792, TX: less expensive homes
- 50651, IA: less expensive homes
- 82431, WY: less expensive homes
- 45118, OH: less expensive homes
- 27839, NC: less expensive homes
- 24104, VA: equally priced homes
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