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These days, finding an affordable place to live in the 55912 area can be challenging. Home prices in 55912 are now at a median cost of $166,064, lower than the Minnesota average of $345,793.
The average cost of rent is $974/mo in 55912, primarily driven by the current value of real estate in the 55912 area. In 55912, 26.08% of households rent, and 41.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55912 is $5,922 per month. Households that rent pay about 16.45% of their income on rent here. 55912’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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
- 55950, MN: higher priced homes
- 55918, MN: higher priced homes
- 55970, MN: higher priced homes
- 55953, MN: higher priced homes
- 56043, MN: equally priced homes
- 56045, MN: higher priced homes
- 55933, MN: higher priced homes
- 55926, MN: higher priced homes
- 55909, MN: higher priced homes
- 56036, MN: higher priced homes
Zip Codes with Similar Populations
- 29550, SC: equally priced homes
- 29673, SC: higher priced homes
- 30297, GA: equally priced homes
- 30501, GA: higher priced homes
- 33308, FL: higher priced homes
- 85742, AZ: higher priced homes
- 60516, IL: higher priced homes
- 60631, IL: higher priced homes
- 62221, IL: higher priced homes
- 64152, MO: higher priced homes
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