Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 55616 area can be challenging. Home prices in 55616 are now at a median cost of $206,992, lower than the Minnesota average of $269,934.
The average cost of rent is $907/mo in 55616, primarily driven by the current value of real estate in the 55616 area. While nearly 38.00% of residents own their homes outright in 55616, 17.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55616 is $6,130 per month. Households that rent pay about 14.79% of their income on rent here. 55616's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 55609, MN: higher priced homes
- 55717, MN: equally priced homes
- 55724, MN: less expensive homes
- 55702, MN: equally priced homes
- 55765, MN: less expensive homes
- 55736, MN: less expensive homes
- 55742, MN: less expensive homes
- 55784, MN: equally priced homes
- 55793, MN: less expensive homes
- 55752, MN: equally priced homes
Zip Codes with Similar Populations
- 51632, IA: less expensive homes
- 78119, TX: less expensive homes
- 77864, TX: less expensive homes
- 77331, TX: less expensive homes
- 74047, OK: less expensive homes
- 74036, OK: less expensive homes
- 73134, OK: less expensive homes
- 72958, AR: less expensive homes
- 72031, AR: less expensive homes
- 62821, IL: less expensive homes
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