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These days, finding an affordable place to live in the 55331 area can be challenging. Home prices in 55331 are now at a median cost of $817,112, higher than the Minnesota average of $345,793.
The average cost of rent is $1,559/mo in 55331, primarily driven by the current value of real estate in the 55331 area. In 55331, 14.46% of households rent, and 28.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55331 is $13,922 per month. Households that rent pay about 11.20% of their income on rent here. 55331’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western 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
- 55317, MN: less expensive homes
- 55384, MN: less expensive homes
- 55364, MN: less expensive homes
- 55386, MN: less expensive homes
- 55345, MN: less expensive homes
- 55391, MN: higher priced homes
- 55346, MN: less expensive homes
- 55356, MN: equally priced homes
- 55318, MN: less expensive homes
- 55347, MN: less expensive homes
Zip Codes with Similar Populations
- 97914, OR: less expensive homes
- 08034, NJ: less expensive homes
- 08110, NJ: less expensive homes
- 11426, NY: less expensive homes
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- 15132, PA: less expensive homes
- 66605, KS: less expensive homes
- 48532, MI: less expensive homes
- 66204, KS: less expensive homes
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