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These days, finding an affordable place to live in the 55123 area can be challenging. Home prices in 55123 are now at a median cost of $458,645, higher than the Minnesota average of $345,793.
The average cost of rent is $1,654/mo in 55123, primarily driven by the current value of real estate in the 55123 area. In 55123, 22.08% of households rent, and 31.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55123 is $12,669 per month. Households that rent pay about 13.05% of their income on rent here. 55123’s most expensive areas are in the southwestern 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
- 55121, MN: less expensive homes
- 55122, MN: less expensive homes
- 55077, MN: higher priced homes
- 55120, MN: higher priced homes
- 55068, MN: equally priced homes
- 55076, MN: less expensive homes
- 55150, MN: equally priced homes
- 55124, MN: less expensive homes
- 55425, MN: less expensive homes
- 55111, MN: less expensive homes
Zip Codes with Similar Populations
- 06109, CT: less expensive homes
- 76208, TX: less expensive homes
- 78332, TX: less expensive homes
- 78621, TX: less expensive homes
- 49006, MI: less expensive homes
- 91741, CA: higher priced homes
- 92532, CA: higher priced homes
- 44515, OH: less expensive homes
- 40503, KY: less expensive homes
- 34747, FL: equally priced homes
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