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These days, finding an affordable place to live in the 55414 area can be challenging. Home prices in 55414 are now at a median cost of $448,372, higher than the Minnesota average of $345,793.
The average cost of rent is $1,497/mo in 55414, primarily driven by the current value of real estate in the 55414 area. In 55414, 83.57% of households rent, and 65.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55414 is $4,802 per month. Households that rent pay about 31.18% of their income on rent here. 55414’s most expensive areas are in the southeastern 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
- 55455, MN: less expensive homes
- 55454, MN: less expensive homes
- 55415, MN: higher priced homes
- 55413, MN: equally priced homes
- 55114, MN: less expensive homes
- 55402, MN: less expensive homes
- 55401, MN: equally priced homes
- 55404, MN: less expensive homes
- 55403, MN: less expensive homes
- 55418, MN: less expensive homes
Zip Codes with Similar Populations
- 75075, TX: equally priced homes
- 49546, MI: equally priced homes
- 53132, WI: less expensive homes
- 53211, WI: equally priced homes
- 57103, SD: less expensive homes
- 60409, IL: less expensive homes
- 60451, IL: less expensive homes
- 64055, MO: less expensive homes
- 64801, MO: less expensive homes
- 70118, LA: higher priced homes
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