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These days, finding an affordable place to live in the 55120 area can be challenging. Home prices in 55120 are now at a median cost of $534,425, higher than the Minnesota average of $345,793.
The average cost of rent is $1,697/mo in 55120, primarily driven by the current value of real estate in the 55120 area. In 55120, 38.68% of households rent, and 40.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55120 is $10,354 per month. Households that rent pay about 16.39% of their income on rent here. 55120’s most expensive areas are in the central regions, while the cheapest areas are in the northern 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
- 55150, MN: less expensive homes
- 55118, MN: less expensive homes
- 55121, MN: less expensive homes
- 55077, MN: higher priced homes
- 55116, MN: less expensive homes
- 55111, MN: less expensive homes
- 55075, MN: less expensive homes
- 55107, MN: less expensive homes
- 55123, MN: less expensive homes
- 55102, MN: less expensive homes
Zip Codes with Similar Populations
- 18419, PA: less expensive homes
- 23974, VA: less expensive homes
- 23030, VA: less expensive homes
- 23015, VA: less expensive homes
- 22642, VA: less expensive homes
- 21817, MD: less expensive homes
- 21710, MD: higher priced homes
- 20106, VA: higher priced homes
- 19539, PA: less expensive homes
- 19504, PA: less expensive homes
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