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These days, finding an affordable place to live in the 55114 area can be challenging. Home prices in 55114 are now at a median cost of $317,826, lower than the Minnesota average of $345,793.
The average cost of rent is $1,586/mo in 55114, primarily driven by the current value of real estate in the 55114 area. In 55114, 79.64% of households rent, and 47.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55114 is $5,182 per month. Households that rent pay about 30.61% of their income on rent here. 55114’s most expensive areas are in the northern 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
- 55455, MN: higher priced homes
- 55108, MN: higher priced homes
- 55414, MN: higher priced homes
- 55406, MN: higher priced homes
- 55104, MN: higher priced homes
- 55454, MN: less expensive homes
- 55105, MN: higher priced homes
- 55415, MN: higher priced homes
- 55404, MN: equally priced homes
- 55407, MN: equally priced homes
Zip Codes with Similar Populations
- 70819, LA: less expensive homes
- 35754, AL: less expensive homes
- 35959, AL: less expensive homes
- 36049, AL: less expensive homes
- 36756, AL: less expensive homes
- 45865, OH: equally priced homes
- 62263, IL: less expensive homes
- 62353, IL: less expensive homes
- 68352, NE: less expensive homes
- 69130, NE: less expensive homes
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