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These days, finding an affordable place to live in the 55060 area can be challenging. Home prices in 55060 are now at a median cost of $252,251, lower than the Minnesota average of $345,793.
The average cost of rent is $1,218/mo in 55060, primarily driven by the current value of real estate in the 55060 area. In 55060, 22.61% of households rent, and 39.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55060 is $7,201 per month. Households that rent pay about 16.92% of their income on rent here. 55060’s most expensive areas are in the northeastern 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
- 55049, MN: equally priced homes
- 56046, MN: equally priced homes
- 55924, MN: higher priced homes
- 56093, MN: less expensive homes
- 55985, MN: equally priced homes
- 55927, MN: equally priced homes
- 55955, MN: higher priced homes
- 55944, MN: higher priced homes
- 56048, MN: equally priced homes
- 56091, MN: less expensive homes
Zip Codes with Similar Populations
- 08075, NJ: higher priced homes
- 28146, NC: equally priced homes
- 93401, CA: higher priced homes
- 33993, FL: higher priced homes
- 34986, FL: higher priced homes
- 37311, TN: less expensive homes
- 43614, OH: less expensive homes
- 98466, WA: higher priced homes
- 97008, OR: higher priced homes
- 55904, MN: equally priced homes
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