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These days, finding an affordable place to live in the 55721 area can be challenging. Home prices in 55721 are now at a median cost of $308,863, lower than the Minnesota average of $345,793.
The average cost of rent is $1,084/mo in 55721, primarily driven by the current value of real estate in the 55721 area. In 55721, 5.96% of households rent, and 42.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55721 is $7,009 per month. Households that rent pay about 15.46% of their income on rent here. 55721’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern 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
- 55744, MN: less expensive homes
- 55722, MN: less expensive homes
- 56636, MN: less expensive homes
- 55786, MN: less expensive homes
- 55709, MN: less expensive homes
- 55764, MN: less expensive homes
- 55716, MN: less expensive homes
- 55793, MN: less expensive homes
- 55775, MN: less expensive homes
- 55742, MN: less expensive homes
Zip Codes with Similar Populations
- 12083, NY: less expensive homes
- 12788, NY: less expensive homes
- 13408, NY: less expensive homes
- 15557, PA: less expensive homes
- 16134, PA: less expensive homes
- 26415, WV: less expensive homes
- 28420, NC: less expensive homes
- 85356, AZ: less expensive homes
- 59474, MT: less expensive homes
- 71341, LA: less expensive homes
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