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These days, finding an affordable place to live in the 55920 area can be challenging. Home prices in 55920 are now at a median cost of $398,967, higher than the Minnesota average of $345,793.
The average cost of rent is $1,302/mo in 55920, primarily driven by the current value of real estate in the 55920 area. In 55920, 14.62% of households rent, and 30.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55920 is $10,818 per month. Households that rent pay about 12.03% of their income on rent here. 55920’s most expensive areas are in the southeastern 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
- 55944, MN: less expensive homes
- 55955, MN: equally priced homes
- 55901, MN: less expensive homes
- 55902, MN: higher priced homes
- 55906, MN: equally priced homes
- 55960, MN: higher priced homes
- 55904, MN: less expensive homes
- 55927, MN: less expensive homes
- 55963, MN: equally priced homes
- 55985, MN: less expensive homes
Zip Codes with Similar Populations
- 02054, MA: higher priced homes
- 08225, NJ: less expensive homes
- 08102, NJ: less expensive homes
- 11963, NY: higher priced homes
- 80913, CO: higher priced homes
- 07645, NJ: higher priced homes
- 07624, NJ: higher priced homes
- 07033, NJ: higher priced homes
- 07028, NJ: higher priced homes
- 06878, CT: higher priced homes
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