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These days, finding an affordable place to live in the 55918 area can be challenging. Home prices in 55918 are now at a median cost of $181,469, lower than the Minnesota average of $345,793.
The average cost of rent is $755/mo in 55918, primarily driven by the current value of real estate in the 55918 area. In 55918, 8.80% of households rent, and 41.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55918 is $6,792 per month. Households that rent pay about 11.12% of their income on rent here. 55918’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
- 55950, MN: higher priced homes
- 55982, MN: higher priced homes
- 55973, MN: higher priced homes
- 55926, MN: higher priced homes
- 55912, MN: equally priced homes
- 55933, MN: higher priced homes
- 55940, MN: higher priced homes
- 55917, MN: higher priced homes
- 55936, MN: higher priced homes
- 56045, MN: higher priced homes
Zip Codes with Similar Populations
- 85606, AZ: higher priced homes
- 23022, VA: higher priced homes
- 23169, VA: higher priced homes
- 23395, VA: higher priced homes
- 23436, VA: higher priced homes
- 24076, VA: less expensive homes
- 25035, WV: less expensive homes
- 25235, WV: less expensive homes
- 34216, FL: higher priced homes
- 50625, IA: less expensive homes
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