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These days, finding an affordable place to live in the 55041 area can be challenging. Home prices in 55041 are now at a median cost of $293,833, lower than the Minnesota average of $345,793.
The average cost of rent is $953/mo in 55041, primarily driven by the current value of real estate in the 55041 area. In 55041, 17.85% of households rent, and 44.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55041 is $7,216 per month. Households that rent pay about 13.20% of their income on rent here. 55041’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 54769, WI: equally priced homes
- 55026, MN: higher priced homes
- 54759, WI: less expensive homes
- 55968, MN: less expensive homes
- 55981, MN: less expensive homes
- 55066, MN: less expensive homes
- 54756, WI: less expensive homes
- 55027, MN: higher priced homes
- 54610, WI: less expensive homes
- 55089, MN: higher priced homes
Zip Codes with Similar Populations
- 05488, VT: equally priced homes
- 35952, AL: less expensive homes
- 56387, MN: less expensive homes
- 53130, WI: equally priced homes
- 50321, IA: equally priced homes
- 49031, MI: less expensive homes
- 46701, IN: less expensive homes
- 46075, IN: higher priced homes
- 45225, OH: less expensive homes
- 43571, OH: equally priced homes
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