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These days, finding an affordable place to live in the 55124 area can be challenging. Home prices in 55124 are now at a median cost of $298,727, higher than the Minnesota average of $269,934.
The average cost of rent is $1,493/mo in 55124, primarily driven by the current value of real estate in the 55124 area. While nearly 28.71% of residents own their homes outright in 55124, 21.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55124 is $8,456 per month. Households that rent pay about 17.66% of their income on rent here. 55124's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 55068, MN: equally priced homes
- 55337, MN: equally priced homes
- 55306, MN: equally priced homes
- 55122, MN: equally priced homes
- 55044, MN: higher priced homes
- 55024, MN: equally priced homes
- 55123, MN: higher priced homes
- 55121, MN: equally priced homes
- 55420, MN: less expensive homes
- 55425, MN: less expensive homes
Zip Codes with Similar Populations
- 63021, MO: higher priced homes
- 87111, NM: equally priced homes
- 78223, TX: less expensive homes
- 77072, TX: less expensive homes
- 77015, TX: less expensive homes
- 76549, TX: less expensive homes
- 75115, TX: less expensive homes
- 73013, OK: equally priced homes
- 70072, LA: less expensive homes
- 89117, NV: higher priced homes
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