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These days, finding an affordable place to live in the 55085 area can be challenging. Home prices in 55085 are now at a median cost of $384,200, higher than the Minnesota average of $345,793.
The average cost of rent is $1,167/mo in 55085, primarily driven by the current value of real estate in the 55085 area. In 55085, 7.56% of households rent, and 47.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55085 is $9,226 per month. Households that rent pay about 12.65% of their income on rent here. 55085’s most expensive areas are in the central 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
- 55031, MN: equally priced homes
- 55033, MN: equally priced homes
- 55068, MN: higher priced homes
- 55024, MN: equally priced homes
- 55065, MN: higher priced homes
- 54021, WI: equally priced homes
- 55124, MN: equally priced homes
- 55089, MN: equally priced homes
- 55044, MN: higher priced homes
- 55337, MN: equally priced homes
Zip Codes with Similar Populations
- 70756, LA: less expensive homes
- 58710, ND: less expensive homes
- 58733, ND: less expensive homes
- 60910, IL: less expensive homes
- 61251, IL: less expensive homes
- 61358, IL: less expensive homes
- 62370, IL: less expensive homes
- 66717, KS: less expensive homes
- 66849, KS: less expensive homes
- 66864, KS: less expensive homes
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