Affordable
Expensive
Expensive
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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 $354,378, higher than the Minnesota average of $269,934.
The average cost of rent is $1,437/mo in 55116, primarily driven by the current value of real estate in the 55116 area. While nearly 31.86% of residents own their homes outright in 55116, 51.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55116 is $6,820 per month. Households that rent pay about 21.07% of their income on rent here. 55116's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 55105, MN: higher priced homes
- 55111, MN: less expensive homes
- 55150, MN: higher 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: less expensive 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: higher priced homes
- 76114, TX: less expensive homes
- 77545, TX: less expensive homes
- 77598, TX: less expensive homes
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