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These days, finding an affordable place to live in the 55077 area can be challenging. Home prices in 55077 are now at a median cost of $611,157, higher than the Minnesota average of $345,793.
The average cost of rent is $1,703/mo in 55077, primarily driven by the current value of real estate in the 55077 area. In 55077, 38.89% of households rent, and 34.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55077 is $11,315 per month. Households that rent pay about 15.05% of their income on rent here. 55077’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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
- 55076, MN: less expensive homes
- 55120, MN: less expensive homes
- 55123, MN: less expensive homes
- 55075, MN: less expensive homes
- 55121, MN: less expensive homes
- 55118, MN: less expensive homes
- 55055, MN: less expensive homes
- 55071, MN: less expensive homes
- 55150, MN: less expensive homes
- 55107, MN: less expensive homes
Zip Codes with Similar Populations
- 02114, MA: higher priced homes
- 02481, MA: higher priced homes
- 06084, CT: less expensive homes
- 06461, CT: less expensive homes
- 08846, NJ: less expensive homes
- 49047, MI: less expensive homes
- 61068, IL: less expensive homes
- 60429, IL: less expensive homes
- 60191, IL: less expensive homes
- 59840, MT: less expensive homes
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