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These days, finding an affordable place to live in the 55420 area can be challenging. Home prices in 55420 are now at a median cost of $251,675, lower than the Minnesota average of $269,934.
The average cost of rent is $1,155/mo in 55420, primarily driven by the current value of real estate in the 55420 area. While nearly 35.99% of residents own their homes outright in 55420, 32.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55420 is $5,746 per month. Households that rent pay about 20.10% of their income on rent here. 55420's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 55425, MN: equally priced homes
- 55431, MN: higher priced homes
- 55423, MN: equally priced homes
- 55437, MN: higher priced homes
- 55435, MN: equally priced homes
- 55122, MN: higher priced homes
- 55337, MN: higher priced homes
- 55419, MN: higher priced homes
- 55417, MN: higher priced homes
- 55438, MN: higher priced homes
Zip Codes with Similar Populations
- 32726, FL: less expensive homes
- 00718, PR: less expensive homes
- 80237, CO: higher priced homes
- 44138, OH: less expensive homes
- 90272, CA: higher priced homes
- 33323, FL: higher priced homes
- 32836, FL: higher priced homes
- 32805, FL: less expensive homes
- 29169, SC: less expensive homes
- 29020, SC: less expensive homes
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