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These days, finding an affordable place to live in the 55101 area can be challenging. Home prices in 55101 are now at a median cost of $290,340, lower than the Minnesota average of $345,793.
The average cost of rent is $1,514/mo in 55101, primarily driven by the current value of real estate in the 55101 area. In 55101, 76.04% of households rent, and 32.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55101 is $5,661 per month. Households that rent pay about 26.74% of their income on rent here. 55101’s most expensive areas are in the central regions, while the cheapest areas are in the western 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
- 55107, MN: equally priced homes
- 55102, MN: higher priced homes
- 55103, MN: less expensive homes
- 55130, MN: less expensive homes
- 55106, MN: less expensive homes
- 55117, MN: equally priced homes
- 55118, MN: higher priced homes
- 55104, MN: higher priced homes
- 55105, MN: higher priced homes
- 55119, MN: equally priced homes
Zip Codes with Similar Populations
- 30184, GA: higher priced homes
- 34433, FL: less expensive homes
- 33476, FL: less expensive homes
- 32112, FL: less expensive homes
- 32040, FL: equally priced homes
- 31302, GA: less expensive homes
- 30646, GA: less expensive homes
- 30553, GA: less expensive homes
- 30546, GA: higher priced homes
- 30415, GA: less expensive homes
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