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These days, finding an affordable place to live in the 55447 area can be challenging. Home prices in 55447 are now at a median cost of $467,579, higher than the Minnesota average of $345,793.
The average cost of rent is $1,724/mo in 55447, primarily driven by the current value of real estate in the 55447 area. In 55447, 24.05% of households rent, and 27.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55447 is $10,964 per month. Households that rent pay about 15.72% of their income on rent here. 55447’s most expensive areas are in the southwestern 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
- 55446, MN: higher priced homes
- 55441, MN: equally priced homes
- 55391, MN: higher priced homes
- 55442, MN: equally priced homes
- 55305, MN: equally priced homes
- 55356, MN: higher priced homes
- 55340, MN: higher priced homes
- 55427, MN: less expensive homes
- 55345, MN: higher priced homes
- 55426, MN: less expensive homes
Zip Codes with Similar Populations
- 02492, MA: higher priced homes
- 83716, ID: higher priced homes
- 91101, CA: higher priced homes
- 91501, CA: higher priced homes
- 97034, OR: higher priced homes
- 97060, OR: less expensive homes
- 98043, WA: higher priced homes
- 98383, WA: higher priced homes
- 22551, VA: less expensive homes
- 19014, PA: less expensive homes
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