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These days, finding an affordable place to live in the 55305 area can be challenging. Home prices in 55305 are now at a median cost of $454,691, higher than the Minnesota average of $345,793.
The average cost of rent is $1,995/mo in 55305, primarily driven by the current value of real estate in the 55305 area. In 55305, 40.85% of households rent, and 39.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55305 is $10,118 per month. Households that rent pay about 19.71% of their income on rent here. 55305’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 55426, MN: less expensive homes
- 55343, MN: less expensive homes
- 55441, MN: equally priced homes
- 55345, MN: higher priced homes
- 55416, MN: higher priced homes
- 55427, MN: less expensive homes
- 55447, MN: equally priced homes
- 55436, MN: higher priced homes
- 55391, MN: higher priced homes
- 55424, MN: higher priced homes
Zip Codes with Similar Populations
- 19010, PA: higher priced homes
- 21202, MD: less expensive homes
- 84054, UT: higher priced homes
- 49014, MI: less expensive homes
- 55076, MN: less expensive homes
- 59808, MT: equally priced homes
- 60473, IL: less expensive homes
- 71201, LA: less expensive homes
- 73130, OK: less expensive homes
- 73507, OK: less expensive homes
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