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These days, finding an affordable place to live in the 55053 area can be challenging. Home prices in 55053 are now at a median cost of $282,903, higher than the Minnesota average of $269,934.
The average cost of rent is $1,475/mo in 55053, primarily driven by the current value of real estate in the 55053 area. While nearly 42.21% of residents own their homes outright in 55053, 8.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55053 is $7,721 per month. Households that rent pay about 19.10% of their income on rent here. 55053's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 55018, MN: equally priced homes
- 55946, MN: less expensive homes
- 55019, MN: equally priced homes
- 55057, MN: equally priced homes
- 55021, MN: less expensive homes
- 55009, MN: equally priced homes
- 55983, MN: less expensive homes
- 55087, MN: higher priced homes
- 55046, MN: equally priced homes
- 55992, MN: less expensive homes
Zip Codes with Similar Populations
- 83868, ID: less expensive homes
- 41124, KY: less expensive homes
- 41655, KY: less expensive homes
- 41777, KY: less expensive homes
- 43779, OH: less expensive homes
- 47968, IN: less expensive homes
- 48028, MI: higher priced homes
- 49642, MI: less expensive homes
- 49836, MI: less expensive homes
- 49922, MI: less expensive homes
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