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These days, finding an affordable place to live in the 55803 area can be challenging. Home prices in 55803 are now at a median cost of $343,166, lower than the Minnesota average of $345,793.
The average cost of rent is $1,532/mo in 55803, primarily driven by the current value of real estate in the 55803 area. In 55803, 16.68% of households rent, and 37.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55803 is $9,097 per month. Households that rent pay about 16.84% of their income on rent here. 55803’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
- 55804, MN: equally priced homes
- 55812, MN: equally priced homes
- 55811, MN: equally priced homes
- 55805, MN: less expensive homes
- 55806, MN: less expensive homes
- 55802, MN: higher priced homes
- 55807, MN: less expensive homes
- 55810, MN: less expensive homes
- 55779, MN: less expensive homes
- 55609, MN: higher priced homes
Zip Codes with Similar Populations
- 70427, LA: less expensive homes
- 36527, AL: higher priced homes
- 37179, TN: higher priced homes
- 37766, TN: less expensive homes
- 00773, PR: less expensive homes
- 43952, OH: less expensive homes
- 44241, OH: less expensive homes
- 44705, OH: less expensive homes
- 48051, MI: less expensive homes
- 48184, MI: less expensive homes
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