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These days, finding an affordable place to live in the 55122 area can be challenging. Home prices in 55122 are now at a median cost of $351,613, higher than the Minnesota average of $345,793.
The average cost of rent is $1,704/mo in 55122, primarily driven by the current value of real estate in the 55122 area. In 55122, 31.16% of households rent, and 31.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55122 is $8,941 per month. Households that rent pay about 19.06% of their income on rent here. 55122’s most expensive areas are in the northeastern 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
- 55123, MN: higher priced homes
- 55121, MN: less expensive homes
- 55425, MN: equally priced homes
- 55124, MN: equally priced homes
- 55337, MN: equally priced homes
- 55420, MN: equally priced homes
- 55068, MN: higher priced homes
- 55120, MN: higher priced homes
- 55431, MN: equally priced homes
- 55150, MN: higher priced homes
Zip Codes with Similar Populations
- 53186, WI: less expensive homes
- 06489, CT: higher priced homes
- 98901, WA: less expensive homes
- 98312, WA: higher priced homes
- 98271, WA: higher priced homes
- 98144, WA: higher priced homes
- 97132, OR: higher priced homes
- 95358, CA: higher priced homes
- 92596, CA: higher priced homes
- 91423, CA: higher priced homes
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