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These days, finding an affordable place to live in the 55075 area can be challenging. Home prices in 55075 are now at a median cost of $281,546, lower than the Minnesota average of $345,793.
The average cost of rent is $1,220/mo in 55075, primarily driven by the current value of real estate in the 55075 area. In 55075, 29.46% of households rent, and 24.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55075 is $7,430 per month. Households that rent pay about 16.42% of their income on rent here. 55075’s most expensive areas are in the western regions, while the cheapest areas are in the eastern 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
- 55055, MN: higher priced homes
- 55118, MN: higher priced homes
- 55076, MN: higher priced homes
- 55107, MN: equally priced homes
- 55077, MN: higher priced homes
- 55120, MN: higher priced homes
- 55101, MN: equally priced homes
- 55071, MN: equally priced homes
- 55102, MN: higher priced homes
- 55119, MN: equally priced homes
Zip Codes with Similar Populations
- 53172, WI: less expensive homes
- 94706, CA: higher priced homes
- 14051, NY: higher priced homes
- 14218, NY: less expensive homes
- 27617, NC: higher priced homes
- 87102, NM: less expensive homes
- 43215, OH: higher priced homes
- 44131, OH: equally priced homes
- 60194, IL: higher priced homes
- 61920, IL: less expensive homes
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