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These days, finding an affordable place to live in the 55605 area can be challenging. Home prices in 55605 are now at a median cost of $255,700, lower than the Minnesota average of $345,793.
The average cost of rent is $521/mo in 55605, primarily driven by the current value of real estate in the 55605 area. In 55605, 15.97% of households rent, and 57.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55605 is $5,355 per month. Households that rent pay about 9.73% of their income on rent here. 55605’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
- 55606, MN: equally priced homes
- 55604, MN: higher priced homes
- 55796, MN: equally priced homes
- 55731, MN: less expensive homes
- 55782, MN: less expensive homes
- 55790, MN: higher priced homes
- 55723, MN: equally priced homes
- 55771, MN: less expensive homes
- 55772, MN: less expensive homes
- 56639, MN: less expensive homes
Zip Codes with Similar Populations
- 52651, IA: less expensive homes
- 73491, OK: less expensive homes
- 73079, OK: less expensive homes
- 72527, AR: less expensive homes
- 72413, AR: less expensive homes
- 57450, SD: less expensive homes
- 57427, SD: less expensive homes
- 57046, SD: less expensive homes
- 56545, MN: less expensive homes
- 56355, MN: equally priced homes
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