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These days, finding an affordable place to live in the 55406 area can be challenging. Home prices in 55406 are now at a median cost of $263,005, lower than the Minnesota average of $269,934.
The average cost of rent is $1,197/mo in 55406, primarily driven by the current value of real estate in the 55406 area. While nearly 32.20% of residents own their homes outright in 55406, 34.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55406 is $6,607 per month. Households that rent pay about 18.12% of their income on rent here. 55406's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 55407, MN: equally priced homes
- 55114, MN: equally priced homes
- 55455, MN: higher priced homes
- 55454, MN: less expensive homes
- 55417, MN: higher priced homes
- 55404, MN: equally priced homes
- 55105, MN: higher priced homes
- 55414, MN: higher priced homes
- 55409, MN: higher priced homes
- 55116, MN: higher priced homes
Zip Codes with Similar Populations
- 85040, AZ: less expensive homes
- 92595, CA: higher priced homes
- 72703, AR: equally priced homes
- 60046, IL: equally priced homes
- 77092, TX: less expensive homes
- 77536, TX: less expensive homes
- 47802, IN: less expensive homes
- 80027, CO: higher priced homes
- 80516, CO: higher priced homes
- 72032, AR: less expensive homes
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