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These days, finding an affordable place to live in the 55103 area can be challenging. Home prices in 55103 are now at a median cost of $259,203, lower than the Minnesota average of $345,793.
The average cost of rent is $1,125/mo in 55103, primarily driven by the current value of real estate in the 55103 area. In 55103, 57.94% of households rent, and 34.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55103 is $4,462 per month. Households that rent pay about 25.21% of their income on rent here. 55103’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern 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
- 55102, MN: higher priced homes
- 55101, MN: higher priced homes
- 55104, MN: higher priced homes
- 55130, MN: less expensive homes
- 55117, MN: equally priced homes
- 55105, MN: higher priced homes
- 55107, MN: equally priced homes
- 55108, MN: higher priced homes
- 55106, MN: equally priced homes
- 55113, MN: higher priced homes
Zip Codes with Similar Populations
- 87544, NM: higher priced homes
- 27023, NC: higher priced homes
- 28460, NC: higher priced homes
- 30523, GA: higher priced homes
- 32931, FL: higher priced homes
- 01938, MA: higher priced homes
- 66224, KS: higher priced homes
- 67010, KS: less expensive homes
- 86413, AZ: less expensive homes
- 45152, OH: higher priced homes
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