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These days, finding an affordable place to live in the 55071 area can be challenging. Home prices in 55071 are now at a median cost of $242,791, lower than the Minnesota average of $269,934.
The average cost of rent is $1,676/mo in 55071, primarily driven by the current value of real estate in the 55071 area. While nearly 31.56% of residents own their homes outright in 55071, 21.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55071 is $7,467 per month. Households that rent pay about 22.45% of their income on rent here. 55071's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 55016, MN: higher priced homes
- 55076, MN: equally priced homes
- 55055, MN: higher priced homes
- 55077, MN: higher priced homes
- 55075, MN: less expensive homes
- 55125, MN: higher priced homes
- 55129, MN: higher priced homes
- 55118, MN: higher priced homes
- 55120, MN: higher priced homes
- 55123, MN: higher priced homes
Zip Codes with Similar Populations
- 46996, IN: less expensive homes
- 69337, NE: less expensive homes
- 67701, KS: less expensive homes
- 66027, KS: less expensive homes
- 65336, MO: less expensive homes
- 65066, MO: less expensive homes
- 63780, MO: less expensive homes
- 63038, MO: higher priced homes
- 62278, IL: less expensive homes
- 62254, IL: less expensive homes
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