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These days, finding an affordable place to live in the 55424 area can be challenging. Home prices in 55424 are now at a median cost of $1,055,139, higher than the Minnesota average of $345,793.
The average cost of rent is $2,175/mo in 55424, primarily driven by the current value of real estate in the 55424 area. In 55424, 9.92% of households rent, and 32.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55424 is $18,536 per month. Households that rent pay about 11.73% of their income on rent here. 55424’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern 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
- 55410, MN: less expensive homes
- 55436, MN: less expensive homes
- 55435, MN: less expensive homes
- 55419, MN: less expensive homes
- 55439, MN: less expensive homes
- 55416, MN: less expensive homes
- 55409, MN: less expensive homes
- 55423, MN: less expensive homes
- 55343, MN: less expensive homes
- 55408, MN: less expensive homes
Zip Codes with Similar Populations
- 41339, KY: less expensive homes
- 64834, MO: less expensive homes
- 62246, IL: less expensive homes
- 55425, MN: less expensive homes
- 53549, WI: less expensive homes
- 49007, MI: less expensive homes
- 45669, OH: less expensive homes
- 45402, OH: less expensive homes
- 44662, OH: less expensive homes
- 43410, OH: less expensive homes
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