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These days, finding an affordable place to live in the 55806 area can be challenging. Home prices in 55806 are now at a median cost of $185,266, lower than the Minnesota average of $345,793.
The average cost of rent is $911/mo in 55806, primarily driven by the current value of real estate in the 55806 area. In 55806, 58.26% of households rent, and 44.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55806 is $3,748 per month. Households that rent pay about 24.30% of their income on rent here. 55806’s most expensive areas are in the northeastern 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
- 55802, MN: higher priced homes
- 55805, MN: higher priced homes
- 55807, MN: equally priced homes
- 55811, MN: higher priced homes
- 55812, MN: higher priced homes
- 54880, WI: equally priced homes
- 55810, MN: higher priced homes
- 55808, MN: less expensive homes
- 55803, MN: higher priced homes
- 55804, MN: higher priced homes
Zip Codes with Similar Populations
- 17844, PA: higher priced homes
- 02111, MA: higher priced homes
- 81611, CO: higher priced homes
- 77547, TX: less expensive homes
- 84315, UT: higher priced homes
- 89519, NV: higher priced homes
- 23664, VA: higher priced homes
- 22812, VA: higher priced homes
- 21713, MD: higher priced homes
- 19806, DE: higher priced homes
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