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These days, finding an affordable place to live in the 55703 area can be challenging. Home prices in 55703 are now at a median cost of $199,371, lower than the Minnesota average of $345,793.
The average cost of rent is $704/mo in 55703, primarily driven by the current value of real estate in the 55703 area. In 55703, 10.14% of households rent, and 45.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55703 is $5,812 per month. Households that rent pay about 12.11% of their income on rent here. 55703’s most expensive areas are in the southern 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
- 55723, MN: higher priced homes
- 55710, MN: higher priced homes
- 55781, MN: higher priced homes
- 55790, MN: higher priced homes
- 55782, MN: less expensive homes
- 55732, MN: equally priced homes
- 55706, MN: less expensive homes
- 56639, MN: equally priced homes
- 56628, MN: higher priced homes
- 55731, MN: equally priced homes
Zip Codes with Similar Populations
- 04617, ME: higher priced homes
- 83523, ID: higher priced homes
- 14846, NY: less expensive homes
- 13072, NY: less expensive homes
- 12513, NY: higher priced homes
- 12406, NY: higher priced homes
- 12046, NY: higher priced homes
- 10535, NY: higher priced homes
- 10501, NY: higher priced homes
- 08553, NJ: higher priced homes
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