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These days, finding an affordable place to live in the 55396 area can be challenging. Home prices in 55396 are now at a median cost of $196,399, lower than the Minnesota average of $345,793.
The average cost of rent is $822/mo in 55396, primarily driven by the current value of real estate in the 55396 area. In 55396, 14.81% of households rent, and 47.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55396 is $6,268 per month. Households that rent pay about 13.11% of their income on rent here. 55396’s most expensive areas are in the southeastern 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
- 56054, MN: higher priced homes
- 55334, MN: equally priced homes
- 55335, MN: less expensive homes
- 55366, MN: higher priced homes
- 55307, MN: higher priced homes
- 55332, MN: less expensive homes
- 55338, MN: higher priced homes
- 56044, MN: higher priced homes
- 56058, MN: higher priced homes
- 55333, MN: less expensive homes
Zip Codes with Similar Populations
- 84759, UT: higher priced homes
- 32044, FL: higher priced homes
- 32358, FL: higher priced homes
- 38568, TN: less expensive homes
- 39140, MS: less expensive homes
- 67050, KS: higher priced homes
- 73145, OK: equally priced homes
- 74825, OK: less expensive homes
- 78940, TX: higher priced homes
- 08243, NJ: higher priced homes
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