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These days, finding an affordable place to live in the 55055 area can be challenging. Home prices in 55055 are now at a median cost of $270,768, higher than the Minnesota average of $269,934.
The average cost of rent is $1,083/mo in 55055, primarily driven by the current value of real estate in the 55055 area. While nearly 35.55% of residents own their homes outright in 55055, 30.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55055 is $4,762 per month. Households that rent pay about 22.74% of their income on rent here. 55055's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 55075, MN: less expensive homes
- 55071, MN: less expensive homes
- 55076, MN: equally priced homes
- 55016, MN: higher priced homes
- 55125, MN: higher priced homes
- 55077, MN: higher priced homes
- 55118, MN: higher priced homes
- 55129, MN: higher priced homes
- 55119, MN: less expensive homes
- 55107, MN: less expensive homes
Zip Codes with Similar Populations
- 70656, LA: less expensive homes
- 36866, AL: less expensive homes
- 36904, AL: less expensive homes
- 37853, TN: less expensive homes
- 37880, TN: less expensive homes
- 38052, TN: less expensive homes
- 64776, MO: less expensive homes
- 65705, MO: less expensive homes
- 66523, KS: less expensive homes
- 66534, KS: less expensive homes
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