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These days, finding an affordable place to live in the 55422 area can be challenging. Home prices in 55422 are now at a median cost of $343,501, lower than the Minnesota average of $345,793.
The average cost of rent is $1,916/mo in 55422, primarily driven by the current value of real estate in the 55422 area. In 55422, 24.63% of households rent, and 30.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55422 is $8,760 per month. Households that rent pay about 21.87% of their income on rent here. 55422’s most expensive areas are in the southern 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
- 55412, MN: less expensive homes
- 55427, MN: equally priced homes
- 55411, MN: less expensive homes
- 55428, MN: less expensive homes
- 55429, MN: less expensive homes
- 55430, MN: less expensive homes
- 55405, MN: higher priced homes
- 55401, MN: higher priced homes
- 55441, MN: higher priced homes
- 55413, MN: higher priced homes
Zip Codes with Similar Populations
- 14304, NY: less expensive homes
- 77316, TX: higher priced homes
- 45244, OH: higher priced homes
- 48162, MI: less expensive homes
- 50401, IA: less expensive homes
- 70663, LA: less expensive homes
- 71901, AR: less expensive homes
- 74017, OK: less expensive homes
- 77022, TX: less expensive homes
- 77025, TX: higher priced homes
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