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Affordable
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These days, finding an affordable place to live in the 55923 area can be challenging. Home prices in 55923 are now at a median cost of $286,092, lower than the Minnesota average of $345,793.
The average cost of rent is $858/mo in 55923, primarily driven by the current value of real estate in the 55923 area. In 55923, 12.00% of households rent, and 32.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55923 is $8,368 per month. Households that rent pay about 10.25% of their income on rent here. 55923’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern 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
- 55935, MN: equally priced homes
- 55929, MN: higher priced homes
- 55990, MN: equally priced homes
- 55972, MN: equally priced homes
- 55934, MN: higher priced homes
- 55979, MN: equally priced homes
- 55949, MN: less expensive homes
- 55976, MN: equally priced homes
- 55904, MN: equally priced homes
- 55967, MN: equally priced homes
Zip Codes with Similar Populations
- 85736, AZ: less expensive homes
- 12545, NY: higher priced homes
- 12845, NY: higher priced homes
- 12883, NY: less expensive homes
- 13326, NY: higher priced homes
- 13733, NY: less expensive homes
- 17065, PA: less expensive homes
- 17501, PA: equally priced homes
- 17814, PA: less expensive homes
- 18421, PA: less expensive homes
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