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These days, finding an affordable place to live in the 55037 area can be challenging. Home prices in 55037 are now at a median cost of $228,352, lower than the Minnesota average of $345,793.
The average cost of rent is $976/mo in 55037, primarily driven by the current value of real estate in the 55037 area. In 55037, 20.42% of households rent, and 45.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55037 is $5,441 per month. Households that rent pay about 17.94% of their income on rent here. 55037’s most expensive areas are in the southern regions, while the cheapest areas are in the western 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
- 55072, MN: less expensive homes
- 55007, MN: equally priced homes
- 55704, MN: equally priced homes
- 56342, MN: higher priced homes
- 54830, WI: higher priced homes
- 56386, MN: higher priced homes
- 56359, MN: equally priced homes
- 56338, MN: higher priced homes
- 54888, WI: higher priced homes
- 54859, WI: equally priced homes
Zip Codes with Similar Populations
- 60551, IL: higher priced homes
- 37150, TN: less expensive homes
- 37307, TN: equally priced homes
- 38868, MS: less expensive homes
- 43731, OH: less expensive homes
- 43845, OH: less expensive homes
- 43947, OH: less expensive homes
- 46721, IN: less expensive homes
- 52776, IA: equally priced homes
- 59634, MT: higher priced homes
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