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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 $403,404, higher than the Minnesota average of $345,793.
The average cost of rent is $1,812/mo in 55318, primarily driven by the current value of real estate in the 55318 area. In 55318, 30.89% of households rent, and 31.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55318 is $10,866 per month. Households that rent pay about 16.68% of their income on rent here. 55318’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
- 55386, MN: higher priced homes
- 55317, MN: higher priced homes
- 55315, MN: higher priced homes
- 55331, MN: higher priced homes
- 55379, MN: equally priced 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: equally priced homes
- 55033, MN: less expensive homes
- 38506, TN: less expensive homes
- 38135, TN: less expensive homes
- 33544, FL: higher priced homes
- 28217, NC: equally priced 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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