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These days, finding an affordable place to live in the 55070 area can be challenging. Home prices in 55070 are now at a median cost of $315,580, lower than the Minnesota average of $345,793.
The average cost of rent is $1,241/mo in 55070, primarily driven by the current value of real estate in the 55070 area. In 55070, 14.40% of households rent, and 25.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55070 is $8,697 per month. Households that rent pay about 14.27% of their income on rent here. 55070’s most expensive areas are in the southwestern 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
- 55011, MN: higher priced homes
- 55005, MN: higher priced homes
- 55040, MN: equally priced homes
- 55303, MN: higher priced homes
- 55304, MN: higher priced homes
- 55398, MN: higher priced homes
- 55330, MN: higher priced homes
- 55327, MN: higher priced homes
- 55092, MN: higher priced homes
- 55079, MN: higher priced homes
Zip Codes with Similar Populations
- 00765, PR: less expensive homes
- 71251, LA: less expensive homes
- 67110, KS: less expensive homes
- 65672, MO: less expensive homes
- 65625, MO: less expensive homes
- 63664, MO: less expensive homes
- 59330, MT: less expensive homes
- 54155, WI: higher priced homes
- 48746, MI: less expensive homes
- 44683, OH: less expensive homes
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