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These days, finding an affordable place to live in the 55601 area can be challenging. Home prices in 55601 are now at a median cost of $223,700, lower than the Minnesota average of $345,793.
The average cost of rent is $946/mo in 55601, primarily driven by the current value of real estate in the 55601 area. In 55601, 16.90% of households rent, and 45.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55601 is $6,146 per month. Households that rent pay about 15.39% of their income on rent here. 55601’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 55614, MN: less expensive homes
- 55602, MN: equally priced homes
- 55763, MN: equally priced homes
- 55766, MN: less expensive homes
- 55724, MN: equally priced homes
- 55738, MN: less expensive homes
- 55753, MN: less expensive homes
- 55742, MN: equally priced homes
- 55775, MN: equally priced homes
- 55716, MN: less expensive homes
Zip Codes with Similar Populations
- 99918, AK: equally priced homes
- 16645, PA: less expensive homes
- 96011, CA: higher priced homes
- 96063, CA: higher priced homes
- 96071, CA: higher priced homes
- 15783, PA: less expensive homes
- 97001, OR: higher priced homes
- 15777, PA: less expensive homes
- 97626, OR: higher priced homes
- 97758, OR: higher priced homes
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