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These days, finding an affordable place to live in the 55049 area can be challenging. Home prices in 55049 are now at a median cost of $257,077, lower than the Minnesota average of $345,793.
The average cost of rent is $1,271/mo in 55049, primarily driven by the current value of real estate in the 55049 area. In 55049, 13.31% of households rent, and 36.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55049 is $7,880 per month. Households that rent pay about 16.13% of their income on rent here. 55049’s most expensive areas are in the southeastern 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
- 55060, MN: equally priced homes
- 55021, MN: equally priced homes
- 55087, MN: higher priced homes
- 55052, MN: higher priced homes
- 56093, MN: less expensive homes
- 55924, MN: equally priced homes
- 55946, MN: equally priced homes
- 56096, MN: equally priced homes
- 55985, MN: equally priced homes
- 55927, MN: equally priced homes
Zip Codes with Similar Populations
- 54629, WI: less expensive homes
- 28020, NC: less expensive homes
- 28571, NC: higher priced homes
- 30332, GA: higher priced homes
- 31075, GA: less expensive homes
- 31749, GA: less expensive homes
- 32059, FL: less expensive homes
- 35973, AL: less expensive homes
- 39160, MS: less expensive homes
- 53502, WI: equally priced homes
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