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These days, finding an affordable place to live in the 55345 area can be challenging. Home prices in 55345 are now at a median cost of $513,594, higher than the Minnesota average of $345,793.
The average cost of rent is $1,574/mo in 55345, primarily driven by the current value of real estate in the 55345 area. In 55345, 14.53% of households rent, and 30.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55345 is $12,291 per month. Households that rent pay about 12.81% of their income on rent here. 55345’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern 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
- 55346, MN: equally priced homes
- 55391, MN: higher priced homes
- 55343, MN: less expensive homes
- 55305, MN: less expensive homes
- 55344, MN: less expensive homes
- 55317, MN: equally priced homes
- 55331, MN: higher priced homes
- 55436, MN: higher priced homes
- 55347, MN: equally priced homes
- 55426, MN: less expensive homes
Zip Codes with Similar Populations
- 05452, VT: less expensive homes
- 99705, AK: less expensive homes
- 98310, WA: less expensive homes
- 98166, WA: higher priced homes
- 96130, CA: less expensive homes
- 95746, CA: higher priced homes
- 95405, CA: higher priced homes
- 94503, CA: higher priced homes
- 92501, CA: higher priced homes
- 90404, CA: higher priced homes
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