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These days, finding an affordable place to live in the 55731 area can be challenging. Home prices in 55731 are now at a median cost of $214,760, lower than the Minnesota average of $345,793.
The average cost of rent is $783/mo in 55731, primarily driven by the current value of real estate in the 55731 area. In 55731, 25.67% of households rent, and 56.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55731 is $5,170 per month. Households that rent pay about 15.15% of their income on rent here. 55731’s most expensive areas are in the northwestern 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
- 55796, MN: higher priced homes
- 55706, MN: less expensive homes
- 55782, MN: less expensive homes
- 55790, MN: higher priced homes
- 55723, MN: higher priced homes
- 55703, MN: equally priced homes
- 55604, MN: higher priced homes
- 56639, MN: less expensive homes
- 55606, MN: higher priced homes
- 56688, MN: equally priced homes
Zip Codes with Similar Populations
- 32460, FL: less expensive homes
- 45628, OH: less expensive homes
- 38676, MS: less expensive homes
- 00901, PR: higher priced homes
- 37153, TN: higher priced homes
- 37085, TN: higher priced homes
- 37020, TN: higher priced homes
- 37010, TN: higher priced homes
- 36549, AL: equally priced homes
- 36352, AL: higher priced homes
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