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These days, finding an affordable place to live in the 55404 area can be challenging. Home prices in 55404 are now at a median cost of $301,857, lower than the Minnesota average of $345,793.
The average cost of rent is $1,083/mo in 55404, primarily driven by the current value of real estate in the 55404 area. In 55404, 81.01% of households rent, and 35.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55404 is $4,220 per month. Households that rent pay about 25.66% of their income on rent here. 55404’s most expensive areas are in the northern 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
- 55454, MN: less expensive homes
- 55415, MN: higher priced homes
- 55402, MN: equally priced homes
- 55403, MN: equally priced homes
- 55408, MN: higher priced homes
- 55401, MN: higher priced homes
- 55455, MN: higher priced homes
- 55407, MN: equally priced homes
- 55405, MN: higher priced homes
- 55414, MN: higher priced homes
Zip Codes with Similar Populations
- 60646, IL: higher priced homes
- 46804, IN: less expensive homes
- 48101, MI: less expensive homes
- 48315, MI: higher priced homes
- 51106, IA: less expensive homes
- 52806, IA: less expensive homes
- 53212, WI: less expensive homes
- 53562, WI: higher priced homes
- 55118, MN: higher priced homes
- 55446, MN: higher priced homes
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