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These days, finding an affordable place to live in the 55301 area can be challenging. Home prices in 55301 are now at a median cost of $377,389, higher than the Minnesota average of $345,793.
The average cost of rent is $1,595/mo in 55301, primarily driven by the current value of real estate in the 55301 area. In 55301, 7.94% of households rent, and 18.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55301 is $11,160 per month. Households that rent pay about 14.29% of their income on rent here. 55301’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern 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
- 55376, MN: equally priced homes
- 55341, MN: higher priced homes
- 55374, MN: higher priced homes
- 55330, MN: equally priced homes
- 55362, MN: equally priced homes
- 55309, MN: equally priced homes
- 55327, MN: higher priced homes
- 55313, MN: equally priced homes
- 55303, MN: equally priced homes
- 55369, MN: equally priced homes
Zip Codes with Similar Populations
- 78405, TX: less expensive homes
- 27574, NC: less expensive homes
- 28206, NC: less expensive homes
- 29907, SC: higher priced homes
- 31501, GA: less expensive homes
- 32407, FL: higher priced homes
- 70814, LA: less expensive homes
- 74467, OK: less expensive homes
- 75762, TX: less expensive homes
- 77474, TX: less expensive homes
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