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These days, finding an affordable place to live in the 55724 area can be challenging. Home prices in 55724 are now at a median cost of $227,221, lower than the Minnesota average of $345,793.
The average cost of rent is $942/mo in 55724, primarily driven by the current value of real estate in the 55724 area. In 55724, 3.40% of households rent, and 49.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55724 is $7,355 per month. Households that rent pay about 12.81% of their income on rent here. 55724’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern 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
- 55766, MN: less expensive homes
- 55717, MN: higher priced homes
- 55765, MN: less expensive homes
- 55742, MN: equally priced homes
- 55784, MN: equally priced homes
- 55616, MN: higher priced homes
- 55793, MN: equally priced homes
- 55722, MN: equally priced homes
- 55744, MN: higher priced homes
- 55601, MN: equally priced homes
Zip Codes with Similar Populations
- 04773, ME: less expensive homes
- 05153, VT: higher priced homes
- 05350, VT: equally priced homes
- 05736, VT: higher priced homes
- 06021, CT: higher priced homes
- 12045, NY: less expensive homes
- 12130, NY: higher priced homes
- 12175, NY: less expensive homes
- 12469, NY: equally priced homes
- 13777, NY: less expensive homes
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