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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 $352,385, higher than the Minnesota average of $345,793.
The average cost of rent is $1,054/mo in 55397, primarily driven by the current value of real estate in the 55397 area. In 55397, 16.94% of households rent, and 27.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55397 is $7,119 per month. Households that rent pay about 14.80% of their income on rent here. 55397’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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
- 55368, MN: less expensive homes
- 55339, MN: equally priced homes
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- 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: equally priced homes
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- 83101, WY: less expensive homes
- 85121, AZ: equally priced homes
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