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These days, finding an affordable place to live in the 55405 area can be challenging. Home prices in 55405 are now at a median cost of $490,625, higher than the Minnesota average of $345,793.
The average cost of rent is $1,341/mo in 55405, primarily driven by the current value of real estate in the 55405 area. In 55405, 63.80% of households rent, and 26.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55405 is $7,835 per month. Households that rent pay about 17.12% of their income on rent here. 55405’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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
- 55403, MN: less expensive homes
- 55402, MN: less expensive homes
- 55408, MN: less expensive homes
- 55401, MN: less expensive homes
- 55404, MN: less expensive homes
- 55415, MN: higher priced homes
- 55411, MN: less expensive homes
- 55416, MN: equally priced homes
- 55454, MN: less expensive homes
- 55409, MN: less expensive homes
Zip Codes with Similar Populations
- 29070, SC: less expensive homes
- 02771, MA: equally priced homes
- 06351, CT: less expensive homes
- 06517, CT: less expensive homes
- 06519, CT: less expensive homes
- 29630, SC: less expensive homes
- 17067, PA: less expensive homes
- 15666, PA: less expensive homes
- 12524, NY: less expensive homes
- 02420, MA: higher priced homes
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