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These days, finding an affordable place to live in the 55711 area can be challenging. Home prices in 55711 are now at a median cost of $223,913, lower than the Minnesota average of $345,793.
The average cost of rent is $655/mo in 55711, primarily driven by the current value of real estate in the 55711 area. In 55711, 13.58% of households rent, and 49.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55711 is $5,491 per month. Households that rent pay about 11.92% of their income on rent here. 55711’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western 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
- 55702, MN: higher priced homes
- 55779, MN: higher priced homes
- 55720, MN: equally priced homes
- 55736, MN: less expensive homes
- 55733, MN: higher priced homes
- 55810, MN: higher priced homes
- 55811, MN: higher priced homes
- 55807, MN: less expensive homes
- 55806, MN: less expensive homes
- 55803, MN: higher priced homes
Zip Codes with Similar Populations
- 48465, MI: equally priced homes
- 72851, AR: less expensive homes
- 72412, AR: less expensive homes
- 71847, AR: less expensive homes
- 58463, ND: less expensive homes
- 57471, SD: less expensive homes
- 56667, MN: higher priced homes
- 56214, MN: less expensive homes
- 56167, MN: less expensive homes
- 51571, IA: higher priced homes
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