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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 $370,681, higher than the Minnesota average of $345,793.
The average cost of rent is $1,731/mo in 55124, primarily driven by the current value of real estate in the 55124 area. In 55124, 26.43% of households rent, and 36.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55124 is $9,092 per month. Households that rent pay about 19.04% of their income on rent here. 55124’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern 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
- 55068, MN: higher 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: less expensive homes
- 55420, MN: equally priced homes
- 55425, MN: less expensive homes
Zip Codes with Similar Populations
- 63021, MO: equally priced homes
- 87111, NM: higher 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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