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These days, finding an affordable place to live in the 55320 area can be challenging. Home prices in 55320 are now at a median cost of $354,590, higher than the Minnesota average of $345,793.
The average cost of rent is $1,151/mo in 55320, primarily driven by the current value of real estate in the 55320 area. In 55320, 16.98% of households rent, and 33.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55320 is $9,226 per month. Households that rent pay about 12.48% of their income on rent here. 55320’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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: equally priced homes
- 55382, MN: equally priced homes
- 55302, MN: equally priced homes
- 55308, MN: equally priced homes
- 55358, MN: equally priced homes
- 55353, MN: equally priced homes
- 56369, MN: equally priced homes
- 55362, MN: equally priced homes
- 55309, MN: equally priced homes
- 56320, MN: equally priced homes
Zip Codes with Similar Populations
- 66725, KS: less expensive homes
- 37061, TN: less expensive homes
- 37324, TN: less expensive homes
- 37711, TN: less expensive homes
- 38006, TN: less expensive homes
- 39145, MS: less expensive homes
- 44262, OH: less expensive homes
- 44280, OH: higher priced homes
- 63023, MO: less expensive homes
- 63068, MO: less expensive homes
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