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These days, finding an affordable place to live in the 55106 area can be challenging. Home prices in 55106 are now at a median cost of $246,387, lower than the Minnesota average of $345,793.
The average cost of rent is $1,316/mo in 55106, primarily driven by the current value of real estate in the 55106 area. In 55106, 39.35% of households rent, and 30.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55106 is $6,268 per month. Households that rent pay about 20.99% of their income on rent here. 55106’s most expensive areas are in the southeastern 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
- 55130, MN: equally priced homes
- 55119, MN: higher priced homes
- 55101, MN: higher priced homes
- 55117, MN: higher priced homes
- 55107, MN: higher priced homes
- 55109, MN: higher priced homes
- 55103, MN: equally priced homes
- 55102, MN: higher priced homes
- 55128, MN: higher priced homes
- 55118, MN: higher priced homes
Zip Codes with Similar Populations
- 91761, CA: higher priced homes
- 30114, GA: higher priced homes
- 30263, GA: higher priced homes
- 30318, GA: higher priced homes
- 30331, GA: higher priced homes
- 31907, GA: less expensive homes
- 32259, FL: higher priced homes
- 44060, OH: equally priced homes
- 78501, TX: less expensive homes
- 90731, CA: higher priced homes
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