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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 $171,300, lower than the Minnesota average of $269,934.
The average cost of rent is $825/mo in 55601, primarily driven by the current value of real estate in the 55601 area. While nearly 33.07% of residents own their homes outright in 55601, 8.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55601 is $6,111 per month. Households that rent pay about 13.50% of their income on rent here. 55601's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
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: higher priced homes
- 55716, MN: less expensive homes
Zip Codes with Similar Populations
- 99918, AK: higher 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: equally priced homes
- 15777, PA: less expensive homes
- 97626, OR: higher priced homes
- 97758, OR: higher priced homes
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