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These days, finding an affordable place to live in the 55318 area can be challenging. Home prices in 55318 are now at a median cost of $330,595, higher than the Minnesota average of $269,934.
The average cost of rent is $1,405/mo in 55318, primarily driven by the current value of real estate in the 55318 area. While nearly 29.35% of residents own their homes outright in 55318, 21.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55318 is $9,209 per month. Households that rent pay about 15.25% of their income on rent here. 55318's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 55386, MN: higher priced homes
- 55317, MN: higher priced homes
- 55315, MN: higher priced homes
- 55331, MN: higher priced homes
- 55379, MN: less expensive homes
- 55347, MN: higher priced homes
- 55346, MN: higher priced homes
- 55384, MN: higher priced homes
- 55387, MN: equally priced homes
- 55364, MN: higher priced homes
Zip Codes with Similar Populations
- 07065, NJ: less expensive homes
- 55033, MN: equally priced homes
- 38506, TN: less expensive homes
- 38135, TN: less expensive homes
- 33544, FL: equally priced homes
- 28217, NC: less expensive homes
- 23513, VA: less expensive homes
- 22556, VA: higher priced homes
- 22032, VA: higher priced homes
- 22601, VA: less expensive homes
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