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Affordable
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These days, finding an affordable place to live in the 55811 area can be challenging. Home prices in 55811 are now at a median cost of $341,735, lower than the Minnesota average of $345,793.
The average cost of rent is $1,487/mo in 55811, primarily driven by the current value of real estate in the 55811 area. In 55811, 30.94% of households rent, and 36.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55811 is $7,116 per month. Households that rent pay about 20.90% of their income on rent here. 55811’s most expensive areas are in the western regions, while the cheapest areas are in the southern 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
- 55806, MN: less expensive homes
- 55805, MN: less expensive homes
- 55812, MN: equally priced homes
- 55807, MN: less expensive homes
- 55810, MN: less expensive homes
- 55802, MN: higher priced homes
- 55803, MN: equally priced homes
- 55804, MN: equally priced homes
- 55733, MN: equally priced homes
- 55779, MN: less expensive homes
Zip Codes with Similar Populations
- 07108, NJ: higher priced homes
- 78754, TX: higher priced homes
- 83402, ID: equally priced homes
- 83843, ID: higher priced homes
- 84651, UT: higher priced homes
- 86409, AZ: less expensive homes
- 37379, TN: equally priced homes
- 37355, TN: less expensive homes
- 34785, FL: higher priced homes
- 33764, FL: less expensive homes
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