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These days, finding an affordable place to live in the 55108 area can be challenging. Home prices in 55108 are now at a median cost of $393,603, higher than the Minnesota average of $345,793.
The average cost of rent is $1,290/mo in 55108, primarily driven by the current value of real estate in the 55108 area. In 55108, 52.85% of households rent, and 37.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55108 is $7,570 per month. Households that rent pay about 17.04% of their income on rent here. 55108’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern 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
- 55114, MN: less expensive homes
- 55104, MN: equally priced homes
- 55113, MN: equally priced homes
- 55414, MN: higher priced homes
- 55455, MN: equally priced homes
- 55103, MN: less expensive homes
- 55105, MN: higher priced homes
- 55117, MN: less expensive homes
- 55454, MN: less expensive homes
- 55406, MN: less expensive homes
Zip Codes with Similar Populations
- 94505, CA: higher priced homes
- 75418, TX: less expensive homes
- 33154, FL: higher priced homes
- 19530, PA: less expensive homes
- 13669, NY: less expensive homes
- 13057, NY: less expensive homes
- 10960, NY: higher priced homes
- 38019, TN: less expensive homes
- 08609, NJ: less expensive homes
- 06119, CT: equally priced homes
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