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These days, finding an affordable place to live in the 55398 area can be challenging. Home prices in 55398 are now at a median cost of $364,737, higher than the Minnesota average of $345,793.
The average cost of rent is $1,376/mo in 55398, primarily driven by the current value of real estate in the 55398 area. In 55398, 9.55% of households rent, and 23.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55398 is $9,573 per month. Households that rent pay about 14.37% of their income on rent here. 55398’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
- 55371, MN: less expensive homes
- 55330, MN: equally priced homes
- 55309, MN: equally priced homes
- 55070, MN: less expensive homes
- 55308, MN: equally priced homes
- 55040, MN: less expensive homes
- 55319, MN: equally priced homes
- 55011, MN: higher priced homes
- 55005, MN: equally priced homes
- 55008, MN: less expensive homes
Zip Codes with Similar Populations
- 70526, LA: less expensive homes
- 32413, FL: higher priced homes
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- 48304, MI: higher priced homes
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- 55720, MN: less expensive homes
- 56073, MN: less expensive homes
- 59803, MT: higher priced homes
- 60118, IL: equally priced homes
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