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These days, finding an affordable place to live in the 55901 area can be challenging. Home prices in 55901 are now at a median cost of $241,779, lower than the Minnesota average of $269,934.
The average cost of rent is $1,228/mo in 55901, primarily driven by the current value of real estate in the 55901 area. While nearly 30.95% of residents own their homes outright in 55901, 34.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55901 is $6,879 per month. Households that rent pay about 17.85% of their income on rent here. 55901's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 55906, MN: higher priced homes
- 55902, MN: higher priced homes
- 55904, MN: less expensive homes
- 55960, MN: higher priced homes
- 55920, MN: higher priced homes
- 55963, MN: higher priced homes
- 55955, MN: higher priced homes
- 55944, MN: equally priced homes
- 55932, MN: less expensive homes
- 55934, MN: equally priced homes
Zip Codes with Similar Populations
- 92057, CA: higher priced homes
- 32068, FL: less expensive homes
- 32824, FL: equally priced homes
- 32837, FL: higher priced homes
- 33511, FL: equally priced homes
- 35242, AL: higher priced homes
- 38654, MS: equally priced homes
- 55124, MN: higher priced homes
- 60638, IL: equally priced homes
- 89123, NV: higher priced homes
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