Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 55340 area can be challenging. Home prices in 55340 are now at a median cost of $528,765, higher than the Minnesota average of $269,934.
The average cost of rent is $1,490/mo in 55340, primarily driven by the current value of real estate in the 55340 area. While nearly 30.36% of residents own their homes outright in 55340, 4.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55340 is $13,391 per month. Households that rent pay about 11.13% of their income on rent here. 55340's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 55311, MN: less expensive homes
- 55446, MN: less expensive homes
- 55447, MN: less expensive homes
- 55357, MN: less expensive homes
- 55356, MN: higher priced homes
- 55442, MN: less expensive homes
- 55369, MN: less expensive homes
- 55441, MN: less expensive homes
- 55359, MN: equally priced homes
- 55391, MN: higher priced homes
Zip Codes with Similar Populations
- 99022, WA: less expensive homes
- 04096, ME: less expensive homes
- 04468, ME: less expensive homes
- 04736, ME: less expensive homes
- 06907, CT: less expensive homes
- 07656, NJ: equally priced homes
- 07825, NJ: less expensive homes
- 07981, NJ: equally priced homes
- 08086, NJ: less expensive homes
- 56716, MN: less expensive homes
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