Expensive
Affordable
Affordable
Colorblind friendly
off
These days, finding an affordable place to live in the 55116 area can be challenging. Home prices in 55116 are now at a median cost of $443,201, higher than the Minnesota average of $345,793.
The average cost of rent is $1,482/mo in 55116, primarily driven by the current value of real estate in the 55116 area. In 55116, 50.63% of households rent, and 36.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55116 is $8,096 per month. Households that rent pay about 18.30% of their income on rent here. 55116’s most expensive areas are in the northwestern 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
- 55105, MN: higher priced homes
- 55111, MN: less expensive homes
- 55150, MN: equally priced homes
- 55104, MN: less expensive homes
- 55406, MN: less expensive homes
- 55102, MN: less expensive homes
- 55417, MN: less expensive homes
- 55120, MN: higher priced homes
- 55118, MN: less expensive homes
- 55114, MN: less expensive homes
Zip Codes with Similar Populations
- 78728, TX: equally priced homes
- 35640, AL: less expensive homes
- 37388, TN: less expensive homes
- 37716, TN: less expensive homes
- 40403, KY: less expensive homes
- 53144, WI: less expensive homes
- 72223, AR: equally priced homes
- 76114, TX: less expensive homes
- 77545, TX: less expensive homes
- 77598, TX: less expensive homes
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood