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These days, finding an affordable place to live in the 55109 area can be challenging. Home prices in 55109 are now at a median cost of $319,016, lower than the Minnesota average of $345,793.
The average cost of rent is $1,436/mo in 55109, primarily driven by the current value of real estate in the 55109 area. In 55109, 32.68% of households rent, and 37.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55109 is $7,515 per month. Households that rent pay about 19.11% of their income on rent here. 55109’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 55128, MN: equally priced homes
- 55106, MN: less expensive homes
- 55130, MN: less expensive homes
- 55119, MN: less expensive homes
- 55090, MN: higher priced homes
- 55117, MN: less expensive homes
- 55115, MN: higher priced homes
- 55110, MN: higher priced homes
- 55127, MN: higher priced homes
- 55101, MN: equally priced homes
Zip Codes with Similar Populations
- 23229, VA: higher priced homes
- 27527, NC: higher priced homes
- 08757, NJ: equally priced homes
- 75904, TX: less expensive homes
- 75701, TX: less expensive homes
- 94523, CA: higher priced homes
- 63119, MO: higher priced homes
- 60612, IL: higher priced homes
- 56601, MN: less expensive homes
- 55433, MN: equally priced homes
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