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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 $210,041, lower than the Minnesota average of $269,934.
The average cost of rent is $690/mo in 55731, primarily driven by the current value of real estate in the 55731 area. While nearly 50.70% of residents own their homes outright in 55731, 15.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55731 is $5,057 per month. Households that rent pay about 13.65% of their income on rent here. 55731's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 55796, MN: equally priced homes
- 55706, MN: less expensive homes
- 55782, MN: less expensive homes
- 55790, MN: higher priced homes
- 55723, MN: higher priced homes
- 55703, MN: less expensive homes
- 55604, MN: higher priced homes
- 56639, MN: less expensive homes
- 55606, MN: higher priced homes
- 56688, MN: less expensive 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: less expensive homes
- 36352, AL: less expensive homes
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