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These days, finding an affordable place to live in the 55417 area can be challenging. Home prices in 55417 are now at a median cost of $395,842, higher than the Minnesota average of $345,793.
The average cost of rent is $1,630/mo in 55417, primarily driven by the current value of real estate in the 55417 area. In 55417, 16.03% of households rent, and 21.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55417 is $10,742 per month. Households that rent pay about 15.18% of their income on rent here. 55417’s most expensive areas are in the western regions, while the cheapest areas are in the eastern 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
- 55111, MN: equally priced homes
- 55406, MN: less expensive homes
- 55407, MN: less expensive homes
- 55419, MN: higher priced homes
- 55409, MN: equally priced homes
- 55423, MN: less expensive homes
- 55116, MN: higher priced homes
- 55408, MN: equally priced homes
- 55150, MN: higher priced homes
- 55410, MN: higher priced homes
Zip Codes with Similar Populations
- 07644, NJ: higher priced homes
- 80302, CO: higher priced homes
- 83714, ID: higher priced homes
- 84040, UT: higher priced homes
- 33189, FL: higher priced homes
- 32177, FL: less expensive homes
- 29527, SC: less expensive homes
- 28658, NC: less expensive homes
- 28083, NC: less expensive homes
- 23113, VA: higher priced homes
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