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These days, finding an affordable place to live in the 55409 area can be challenging. Home prices in 55409 are now at a median cost of $400,356, higher than the Minnesota average of $345,793.
The average cost of rent is $1,444/mo in 55409, primarily driven by the current value of real estate in the 55409 area. In 55409, 36.29% of households rent, and 25.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55409 is $9,223 per month. Households that rent pay about 15.66% of their income on rent here. 55409’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern 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
- 55408, MN: equally priced homes
- 55407, MN: less expensive homes
- 55419, MN: higher priced homes
- 55410, MN: higher priced homes
- 55404, MN: less expensive homes
- 55403, MN: less expensive homes
- 55405, MN: higher priced homes
- 55417, MN: equally priced homes
- 55406, MN: less expensive homes
- 55416, MN: higher priced homes
Zip Codes with Similar Populations
- 10522, NY: higher priced homes
- 24477, VA: less expensive homes
- 23875, VA: less expensive homes
- 19060, PA: higher priced homes
- 18031, PA: equally priced homes
- 17972, PA: less expensive homes
- 17584, PA: less expensive homes
- 14810, NY: less expensive homes
- 14219, NY: less expensive homes
- 10044, NY: higher priced homes
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