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These days, finding an affordable place to live in the 55347 area can be challenging. Home prices in 55347 are now at a median cost of $532,152, higher than the Minnesota average of $345,793.
The average cost of rent is $2,135/mo in 55347, primarily driven by the current value of real estate in the 55347 area. In 55347, 10.02% of households rent, and 29.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55347 is $13,621 per month. Households that rent pay about 15.67% of their income on rent here. 55347’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central 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
- 55344, MN: less expensive homes
- 55346, MN: less expensive homes
- 55438, MN: less expensive homes
- 55379, MN: less expensive homes
- 55317, MN: equally priced homes
- 55439, MN: higher priced homes
- 55345, MN: equally priced homes
- 55437, MN: less expensive homes
- 55343, MN: less expensive homes
- 55436, MN: higher priced homes
Zip Codes with Similar Populations
- 02121, MA: higher priced homes
- 54302, WI: less expensive homes
- 92116, CA: higher priced homes
- 94043, CA: higher priced homes
- 43402, OH: less expensive homes
- 42001, KY: less expensive homes
- 37323, TN: less expensive homes
- 34116, FL: less expensive homes
- 32539, FL: less expensive homes
- 32086, FL: less expensive homes
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