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These days, finding an affordable place to live in the 55308 area can be challenging. Home prices in 55308 are now at a median cost of $352,571, higher than the Minnesota average of $345,793.
The average cost of rent is $904/mo in 55308, primarily driven by the current value of real estate in the 55308 area. In 55308, 10.19% of households rent, and 24.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55308 is $9,861 per month. Households that rent pay about 9.17% of their income on rent here. 55308’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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
- 55319, MN: higher priced homes
- 55309, MN: equally priced homes
- 55320, MN: equally priced homes
- 55398, MN: equally priced homes
- 55330, MN: equally priced homes
- 56304, MN: less expensive homes
- 55371, MN: less expensive homes
- 56301, MN: less expensive homes
- 55382, MN: equally priced homes
- 56303, MN: less expensive homes
Zip Codes with Similar Populations
- 78733, TX: higher priced homes
- 24016, VA: less expensive homes
- 24211, VA: less expensive homes
- 25311, WV: less expensive homes
- 29006, SC: less expensive homes
- 32046, FL: less expensive homes
- 36460, AL: less expensive homes
- 36610, AL: less expensive homes
- 36874, AL: less expensive homes
- 37757, TN: less expensive homes
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