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These days, finding an affordable place to live in the 55403 area can be challenging. Home prices in 55403 are now at a median cost of $328,322, lower than the Minnesota average of $345,793.
The average cost of rent is $1,330/mo in 55403, primarily driven by the current value of real estate in the 55403 area. In 55403, 76.27% of households rent, and 33.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55403 is $5,993 per month. Households that rent pay about 22.19% of their income on rent here. 55403’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern 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
- 55405, MN: higher priced homes
- 55402, MN: less expensive homes
- 55404, MN: equally priced homes
- 55401, MN: higher priced homes
- 55415, MN: higher priced homes
- 55408, MN: higher priced homes
- 55454, MN: less expensive homes
- 55411, MN: less expensive homes
- 55413, MN: higher priced homes
- 55455, MN: higher priced homes
Zip Codes with Similar Populations
- 11362, NY: higher priced homes
- 21108, MD: higher priced homes
- 22066, VA: higher priced homes
- 19363, PA: higher priced homes
- 15644, PA: less expensive homes
- 15220, PA: less expensive homes
- 14760, NY: less expensive homes
- 27592, NC: higher priced homes
- 88081, NM: less expensive homes
- 88130, NM: less expensive homes
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