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Affordable
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These days, finding an affordable place to live in the 55775 area can be challenging. Home prices in 55775 are now at a median cost of $223,867, lower than the Minnesota average of $345,793.
The average cost of rent is $1,098/mo in 55775, primarily driven by the current value of real estate in the 55775 area. In 55775, 8.82% of households rent, and 50.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55775 is $7,571 per month. Households that rent pay about 14.50% of their income on rent here. 55775’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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
- 55716, MN: less expensive homes
- 55764, MN: less expensive homes
- 55769, MN: less expensive homes
- 55753, MN: less expensive homes
- 55786, MN: less expensive homes
- 55709, MN: equally priced homes
- 55722, MN: equally priced homes
- 55746, MN: less expensive homes
- 55744, MN: higher priced homes
- 55721, MN: higher priced homes
Zip Codes with Similar Populations
- 54632, WI: equally priced homes
- 77419, TX: less expensive homes
- 76453, TX: higher priced homes
- 70759, LA: less expensive homes
- 62545, IL: less expensive homes
- 62539, IL: less expensive homes
- 58621, ND: less expensive homes
- 57382, SD: less expensive homes
- 57035, SD: higher priced homes
- 56535, MN: equally priced homes
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