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These days, finding an affordable place to live in the 55787 area can be challenging. Home prices in 55787 are now at a median cost of $257,111, lower than the Minnesota average of $345,793.
The average cost of rent is $1,069/mo in 55787, primarily driven by the current value of real estate in the 55787 area. In 55787, 15.43% of households rent, and 50.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55787 is $5,776 per month. Households that rent pay about 18.52% of their income on rent here. 55787’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern 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
- 55798, MN: equally priced homes
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- 55707, MN: equally priced homes
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- 55720, MN: less expensive homes
- 55797, MN: equally priced homes
Zip Codes with Similar Populations
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