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These days, finding an affordable place to live in the 55388 area can be challenging. Home prices in 55388 are now at a median cost of $345,580, lower than the Minnesota average of $345,793.
The average cost of rent is $1,117/mo in 55388, primarily driven by the current value of real estate in the 55388 area. In 55388, 14.32% of households rent, and 32.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55388 is $9,238 per month. Households that rent pay about 12.09% of their income on rent here. 55388’s most expensive areas are in the southeastern 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
- 55360, MN: equally priced homes
- 55375, MN: higher priced homes
- 55328, MN: higher priced homes
- 55367, MN: equally priced homes
- 55363, MN: equally priced homes
- 55387, MN: higher priced homes
- 55359, MN: higher priced homes
- 55364, MN: higher priced homes
- 55390, MN: equally priced homes
- 55395, MN: less expensive homes
Zip Codes with Similar Populations
- 28129, NC: less expensive homes
- 74016, OK: less expensive homes
- 35042, AL: less expensive homes
- 31804, GA: equally priced homes
- 29805, SC: less expensive homes
- 29709, SC: less expensive homes
- 29148, SC: less expensive homes
- 29003, SC: less expensive homes
- 28782, NC: equally priced homes
- 28609, NC: less expensive homes
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