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These days, finding an affordable place to live in the 55051 area can be challenging. Home prices in 55051 are now at a median cost of $217,960, lower than the Minnesota average of $345,793.
The average cost of rent is $1,020/mo in 55051, primarily driven by the current value of real estate in the 55051 area. In 55051, 19.71% of households rent, and 40.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55051 is $5,850 per month. Households that rent pay about 17.44% of their income on rent here. 55051’s most expensive areas are in the northern regions, while the cheapest areas are in the central 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
- 56358, MN: higher priced homes
- 55036, MN: less expensive homes
- 55007, MN: equally priced homes
- 55030, MN: equally priced homes
- 55006, MN: equally priced homes
- 56313, MN: higher priced homes
- 55063, MN: higher priced homes
- 56353, MN: higher priced homes
- 56330, MN: higher priced homes
- 54840, WI: equally priced homes
Zip Codes with Similar Populations
- 80517, CO: higher priced homes
- 27045, NC: equally priced homes
- 27052, NC: less expensive homes
- 27601, NC: higher priced homes
- 28107, NC: higher priced homes
- 28730, NC: higher priced homes
- 29322, SC: higher priced homes
- 31064, GA: equally priced homes
- 31320, GA: equally priced homes
- 32976, FL: equally priced homes
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