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These days, finding an affordable place to live in the 55054 area can be challenging. Home prices in 55054 are now at a median cost of $431,342, higher than the Minnesota average of $345,793.
The average cost of rent is $2,200/mo in 55054, primarily driven by the current value of real estate in the 55054 area. In 55054, 7.78% of households rent, and 19.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55054 is $12,747 per month. Households that rent pay about 17.26% of their income on rent here. 55054’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern 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
- 55020, MN: higher priced homes
- 55088, MN: higher priced homes
- 55046, MN: less expensive homes
- 55044, MN: higher priced homes
- 56071, MN: equally priced homes
- 55024, MN: equally priced homes
- 55057, MN: less expensive homes
- 55019, MN: less expensive homes
- 56069, MN: less expensive homes
- 55352, MN: equally priced homes
Zip Codes with Similar Populations
- 60043, IL: higher priced homes
- 28622, NC: less expensive homes
- 28626, NC: less expensive homes
- 29137, SC: less expensive homes
- 29332, SC: less expensive homes
- 30056, GA: less expensive homes
- 32798, FL: less expensive homes
- 35446, AL: less expensive homes
- 38477, TN: less expensive homes
- 03237, NH: less expensive homes
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