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These days, finding an affordable place to live in the 55716 area can be challenging. Home prices in 55716 are now at a median cost of $191,501, lower than the Minnesota average of $345,793.
The average cost of rent is $910/mo in 55716, primarily driven by the current value of real estate in the 55716 area. In 55716, 11.60% of households rent, and 42.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55716 is $7,258 per month. Households that rent pay about 12.54% of their income on rent here. 55716’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern 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
- 55764, MN: less expensive homes
- 55775, MN: higher priced homes
- 55786, MN: less expensive homes
- 55709, MN: equally priced homes
- 55722, MN: higher priced homes
- 55769, MN: less expensive homes
- 55753, MN: less expensive homes
- 55744, MN: higher priced homes
- 55746, MN: less expensive homes
- 55721, MN: higher priced homes
Zip Codes with Similar Populations
- 68860, NE: less expensive homes
- 52354, IA: equally priced homes
- 52534, IA: less expensive homes
- 54844, WI: higher priced homes
- 55717, MN: higher priced homes
- 56165, MN: higher priced homes
- 56657, MN: higher priced homes
- 67438, KS: less expensive homes
- 68321, NE: higher priced homes
- 68720, NE: higher priced homes
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