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These days, finding an affordable place to live in the 55397 area can be challenging. Home prices in 55397 are now at a median cost of $300,759, higher than the Minnesota average of $269,934.
The average cost of rent is $1,050/mo in 55397, primarily driven by the current value of real estate in the 55397 area. While nearly 23.94% of residents own their homes outright in 55397, 16.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55397 is $6,599 per month. Households that rent pay about 15.91% of their income on rent here. 55397's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 55368, MN: less expensive homes
- 55339, MN: less expensive homes
- 55370, MN: less expensive homes
- 55322, MN: higher priced homes
- 55360, MN: equally priced homes
- 55387, MN: higher priced homes
- 55367, MN: equally priced homes
- 55338, MN: equally priced homes
- 55354, MN: less expensive homes
- 55336, MN: less expensive homes
Zip Codes with Similar Populations
- 04076, ME: less expensive homes
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- 81125, CO: less expensive homes
- 81132, CO: less expensive homes
- 83101, WY: less expensive homes
- 85121, AZ: less expensive homes
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