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These days, finding an affordable place to live in the 55805 area can be challenging. Home prices in 55805 are now at a median cost of $215,419, lower than the Minnesota average of $345,793.
The average cost of rent is $1,291/mo in 55805, primarily driven by the current value of real estate in the 55805 area. In 55805, 70.92% of households rent, and 34.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55805 is $4,425 per month. Households that rent pay about 29.17% of their income on rent here. 55805’s most expensive areas are in the southern 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
- 55812, MN: higher priced homes
- 55806, MN: less expensive homes
- 55802, MN: higher priced homes
- 55811, MN: higher priced homes
- 55807, MN: less expensive homes
- 55804, MN: higher priced homes
- 55803, MN: higher priced homes
- 54880, WI: less expensive homes
- 55810, MN: higher priced homes
- 55808, MN: less expensive homes
Zip Codes with Similar Populations
- 02375, MA: higher priced homes
- 99026, WA: higher priced homes
- 92320, CA: higher priced homes
- 84319, UT: higher priced homes
- 82633, WY: higher priced homes
- 82240, WY: higher priced homes
- 81122, CO: higher priced homes
- 80615, CO: higher priced homes
- 79766, TX: higher priced homes
- 79070, TX: less expensive homes
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