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These days, finding an affordable place to live in the 55718 area can be challenging. Home prices in 55718 are now at a median cost of $299,109, lower than the Minnesota average of $345,793.
The average cost of rent is $1,139/mo in 55718, primarily driven by the current value of real estate in the 55718 area. In 55718, 9.78% of households rent, and 36.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55718 is $8,400 per month. Households that rent pay about 13.56% of their income on rent here. 55718’s most expensive areas are in the southern 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
- 55797, MN: less expensive homes
- 55720, MN: less expensive homes
- 55733, MN: higher priced homes
- 55780, MN: less expensive homes
- 55707, MN: less expensive homes
- 55808, MN: less expensive homes
- 55810, MN: less expensive homes
- 55807, MN: less expensive homes
- 54880, WI: less expensive homes
- 55806, MN: less expensive homes
Zip Codes with Similar Populations
- 71068, LA: less expensive homes
- 06063, CT: higher priced homes
- 37180, TN: equally priced homes
- 48179, MI: less expensive homes
- 51023, IA: less expensive homes
- 59716, MT: higher priced homes
- 59865, MT: higher priced homes
- 44288, OH: less expensive homes
- 43447, OH: less expensive homes
- 39153, MS: less expensive homes
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