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These days, finding an affordable place to live in the 55389 area can be challenging. Home prices in 55389 are now at a median cost of $273,959, lower than the Minnesota average of $345,793.
The average cost of rent is $817/mo in 55389, primarily driven by the current value of real estate in the 55389 area. In 55389, 14.84% of households rent, and 38.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55389 is $7,493 per month. Households that rent pay about 10.91% of their income on rent here. 55389’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 55353, MN: higher priced homes
- 55329, MN: less expensive homes
- 55382, MN: higher priced homes
- 56320, MN: higher priced homes
- 56368, MN: higher priced homes
- 56369, MN: higher priced homes
- 56371, MN: equally priced homes
- 56362, MN: equally priced homes
- 55302, MN: higher priced homes
- 55320, MN: higher priced homes
Zip Codes with Similar Populations
- 15233, PA: higher priced homes
- 23062, VA: higher priced homes
- 71260, LA: less expensive homes
- 50583, IA: less expensive homes
- 50841, IA: less expensive homes
- 53178, WI: higher priced homes
- 53929, WI: less expensive homes
- 54028, WI: higher priced homes
- 54666, WI: less expensive homes
- 59327, MT: less expensive homes
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