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These days, finding an affordable place to live in the 55706 area can be challenging. Home prices in 55706 are now at a median cost of $155,523, lower than the Minnesota average of $345,793.
The average cost of rent is $785/mo in 55706, primarily driven by the current value of real estate in the 55706 area. In 55706, 10.01% of households rent, and 55.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55706 is $5,241 per month. Households that rent pay about 14.98% of their income on rent here. 55706’s most expensive areas are in the northern 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
- 55731, MN: higher priced homes
- 55732, MN: higher priced homes
- 55782, MN: higher priced homes
- 55790, MN: higher priced homes
- 55607, MN: higher priced homes
- 55710, MN: higher priced homes
- 55703, MN: higher priced homes
- 55723, MN: higher priced homes
- 55781, MN: higher priced homes
- 55615, MN: higher priced homes
Zip Codes with Similar Populations
- 76626, TX: equally priced homes
- 39756, MS: less expensive homes
- 41043, KY: higher priced homes
- 41098, KY: less expensive homes
- 42343, KY: less expensive homes
- 43067, OH: higher priced homes
- 43771, OH: less expensive homes
- 44443, OH: higher priced homes
- 46171, IN: higher priced homes
- 46186, IN: higher priced homes
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