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These days, finding an affordable place to live in the 55043 area can be challenging. Home prices in 55043 are now at a median cost of $391,678, higher than the Minnesota average of $345,793.
The average cost of rent is $1,503/mo in 55043, primarily driven by the current value of real estate in the 55043 area. In 55043, 8.83% of households rent, and 39.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55043 is $8,599 per month. Households that rent pay about 17.48% of their income on rent here. 55043’s most expensive areas are in the northern 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
- 55001, MN: higher priced homes
- 54016, WI: higher priced homes
- 55003, MN: equally priced homes
- 55129, MN: higher priced homes
- 55042, MN: higher priced homes
- 55082, MN: higher priced homes
- 55125, MN: equally priced homes
- 54082, WI: higher priced homes
- 54022, WI: equally priced homes
- 55128, MN: less expensive homes
Zip Codes with Similar Populations
- 71921, AR: less expensive homes
- 71743, AR: less expensive homes
- 48829, MI: less expensive homes
- 28344, NC: less expensive homes
- 98392, WA: higher priced homes
- 76431, TX: less expensive homes
- 56567, MN: less expensive homes
- 08750, NJ: higher priced homes
- 23950, VA: less expensive homes
- 87522, NM: less expensive homes
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