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Affordable
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These days, finding an affordable place to live in the 55079 area can be challenging. Home prices in 55079 are now at a median cost of $352,661, higher than the Minnesota average of $345,793.
The average cost of rent is $1,389/mo in 55079, primarily driven by the current value of real estate in the 55079 area. In 55079, 7.56% of households rent, and 36.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55079 is $9,238 per month. Households that rent pay about 15.03% of their income on rent here. 55079’s most expensive areas are in the southwestern 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
- 55092, MN: equally priced homes
- 55013, MN: higher priced homes
- 55056, MN: equally priced homes
- 55045, MN: higher priced homes
- 55005, MN: equally priced homes
- 55012, MN: equally priced homes
- 55011, MN: higher priced homes
- 55040, MN: less expensive homes
- 55032, MN: equally priced homes
- 55074, MN: equally priced homes
Zip Codes with Similar Populations
- 99567, AK: higher priced homes
- 94931, CA: higher priced homes
- 95726, CA: higher priced homes
- 96771, HI: less expensive homes
- 96790, HI: higher priced homes
- 98841, WA: less expensive homes
- 99001, WA: less expensive homes
- 11558, NY: higher priced homes
- 08810, NJ: higher priced homes
- 08406, NJ: higher priced homes
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