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These days, finding an affordable place to live in the 55407 area can be challenging. Home prices in 55407 are now at a median cost of $247,474, lower than the Minnesota average of $269,934.
The average cost of rent is $1,177/mo in 55407, primarily driven by the current value of real estate in the 55407 area. While nearly 27.75% of residents own their homes outright in 55407, 41.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55407 is $5,941 per month. Households that rent pay about 19.82% of their income on rent here. 55407's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 55409, MN: higher priced homes
- 55406, MN: equally priced homes
- 55404, MN: equally priced homes
- 55408, MN: higher priced homes
- 55454, MN: less expensive homes
- 55403, MN: higher priced homes
- 55417, MN: higher priced homes
- 55455, MN: higher priced homes
- 55415, MN: higher priced homes
- 55402, MN: less expensive homes
Zip Codes with Similar Populations
- 11249, NY: higher priced homes
- 10454, NY: higher priced homes
- 63701, MO: less expensive homes
- 48105, MI: higher priced homes
- 48224, MI: less expensive homes
- 53703, WI: higher priced homes
- 54313, WI: equally priced homes
- 55110, MN: higher priced homes
- 60107, IL: less expensive homes
- 60110, IL: less expensive homes
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