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These days, finding an affordable place to live in the 55906 area can be challenging. Home prices in 55906 are now at a median cost of $397,377, higher than the Minnesota average of $345,793.
The average cost of rent is $1,480/mo in 55906, primarily driven by the current value of real estate in the 55906 area. In 55906, 24.35% of households rent, and 46.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55906 is $9,945 per month. Households that rent pay about 14.89% of their income on rent here. 55906’s most expensive areas are in the northeastern 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
- 55901, MN: less expensive homes
- 55904, MN: less expensive homes
- 55902, MN: higher priced homes
- 55960, MN: higher priced homes
- 55920, MN: equally priced homes
- 55934, MN: less expensive homes
- 55932, MN: less expensive homes
- 55963, MN: equally priced homes
- 55955, MN: equally priced homes
- 55944, MN: less expensive homes
Zip Codes with Similar Populations
- 64064, MO: equally priced homes
- 39565, MS: less expensive homes
- 43311, OH: less expensive homes
- 44067, OH: less expensive homes
- 45414, OH: less expensive homes
- 45822, OH: less expensive homes
- 46135, IN: less expensive homes
- 46706, IN: less expensive homes
- 46808, IN: less expensive homes
- 49202, MI: less expensive homes
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