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These days, finding an affordable place to live in the 55056 area can be challenging. Home prices in 55056 are now at a median cost of $249,285, lower than the Minnesota average of $269,934.
The average cost of rent is $1,095/mo in 55056, primarily driven by the current value of real estate in the 55056 area. While nearly 30.10% of residents own their homes outright in 55056, 12.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55056 is $7,313 per month. Households that rent pay about 14.97% of their income on rent here. 55056's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 55032, MN: equally priced homes
- 55079, MN: equally priced homes
- 55012, MN: higher priced homes
- 55069, MN: less expensive homes
- 55008, MN: less expensive homes
- 55029, MN: equally priced homes
- 55040, MN: equally priced homes
- 55080, MN: higher priced homes
- 55084, MN: equally priced homes
- 54006, WI: less expensive homes
Zip Codes with Similar Populations
- 90265, CA: higher priced homes
- 26241, WV: less expensive homes
- 29325, SC: less expensive homes
- 30110, GA: less expensive homes
- 30642, GA: higher priced homes
- 31023, GA: less expensive homes
- 33170, FL: higher priced homes
- 78163, TX: higher priced homes
- 81416, CO: equally priced homes
- 85305, AZ: higher priced homes
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