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These days, finding an affordable place to live in the 55429 area can be challenging. Home prices in 55429 are now at a median cost of $274,995, lower than the Minnesota average of $345,793.
The average cost of rent is $1,410/mo in 55429, primarily driven by the current value of real estate in the 55429 area. In 55429, 40.48% of households rent, and 28.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55429 is $6,319 per month. Households that rent pay about 22.32% of their income on rent here. 55429’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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
- 55428, MN: equally priced homes
- 55430, MN: equally priced homes
- 55444, MN: higher priced homes
- 55443, MN: higher priced homes
- 55422, MN: higher priced homes
- 55412, MN: less expensive homes
- 55445, MN: higher priced homes
- 55442, MN: higher priced homes
- 55427, MN: higher priced homes
- 55432, MN: higher priced homes
Zip Codes with Similar Populations
- 98007, WA: higher priced homes
- 77355, TX: higher priced homes
- 74403, OK: less expensive homes
- 70815, LA: less expensive homes
- 78363, TX: less expensive homes
- 78410, TX: equally priced homes
- 63128, MO: higher priced homes
- 80922, CO: higher priced homes
- 01906, MA: higher priced homes
- 45365, OH: less expensive homes
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