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Affordable
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These days, finding an affordable place to live in the 55723 area can be challenging. Home prices in 55723 are now at a median cost of $267,720, lower than the Minnesota average of $345,793.
The average cost of rent is $676/mo in 55723, primarily driven by the current value of real estate in the 55723 area. In 55723, 10.89% of households rent, and 56.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55723 is $6,135 per month. Households that rent pay about 11.02% of their income on rent here. 55723’s most expensive areas are in the northeastern 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
- 55703, MN: less expensive homes
- 55790, MN: higher priced homes
- 55782, MN: less expensive homes
- 55706, MN: less expensive homes
- 56639, MN: less expensive homes
- 55731, MN: less expensive homes
- 55796, MN: equally priced homes
- 56688, MN: less expensive homes
- 56660, MN: less expensive homes
- 56661, MN: less expensive homes
Zip Codes with Similar Populations
- 07435, NJ: higher priced homes
- 68883, NE: less expensive homes
- 30555, GA: higher priced homes
- 31512, GA: less expensive homes
- 35073, AL: less expensive homes
- 36276, AL: less expensive homes
- 38255, TN: less expensive homes
- 42058, KY: less expensive homes
- 42234, KY: less expensive homes
- 45767, OH: less expensive homes
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