Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 55416 area can be challenging. Home prices in 55416 are now at a median cost of $455,933, higher than the Minnesota average of $269,934.
The average cost of rent is $1,503/mo in 55416, primarily driven by the current value of real estate in the 55416 area. While nearly 35.83% of residents own their homes outright in 55416, 52.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55416 is $8,702 per month. Households that rent pay about 17.27% of their income on rent here. 55416's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 55426, MN: less expensive homes
- 55405, MN: less expensive homes
- 55408, MN: less expensive homes
- 55410, MN: higher priced homes
- 55424, MN: higher priced homes
- 55409, MN: less expensive homes
- 55403, MN: less expensive homes
- 55436, MN: higher priced homes
- 55419, MN: equally priced homes
- 55404, MN: less expensive homes
Zip Codes with Similar Populations
- 00784, PR: less expensive homes
- 97203, OR: less expensive homes
- 91354, CA: higher priced homes
- 91107, CA: higher priced homes
- 91007, CA: higher priced homes
- 85340, AZ: less expensive homes
- 78242, TX: less expensive homes
- 76001, TX: less expensive homes
- 75038, TX: less expensive homes
- 72956, AR: less expensive homes
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