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Expensive
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These days, finding an affordable place to live in the 55431 area can be challenging. Home prices in 55431 are now at a median cost of $287,798, higher than the Minnesota average of $269,934.
The average cost of rent is $1,380/mo in 55431, primarily driven by the current value of real estate in the 55431 area. While nearly 38.78% of residents own their homes outright in 55431, 31.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55431 is $7,526 per month. Households that rent pay about 18.33% of their income on rent here. 55431's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 55437, MN: higher priced homes
- 55420, MN: less expensive homes
- 55435, MN: equally priced homes
- 55438, MN: higher priced homes
- 55425, MN: less expensive homes
- 55423, MN: less expensive homes
- 55337, MN: equally priced homes
- 55439, MN: higher priced homes
- 55424, MN: higher priced homes
- 55419, MN: higher priced homes
Zip Codes with Similar Populations
- 06488, CT: equally priced homes
- 31407, GA: less expensive homes
- 29341, SC: less expensive homes
- 28630, NC: less expensive homes
- 27596, NC: less expensive homes
- 24503, VA: equally priced homes
- 23805, VA: less expensive homes
- 20895, MD: higher priced homes
- 19602, PA: less expensive homes
- 11937, NY: higher priced homes
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