Expensive
Affordable
Affordable
Colorblind friendly
off
These days, finding an affordable place to live in the 55940 area can be challenging. Home prices in 55940 are now at a median cost of $268,323, lower than the Minnesota average of $345,793.
The average cost of rent is $964/mo in 55940, primarily driven by the current value of real estate in the 55940 area. In 55940, 20.91% of households rent, and 36.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55940 is $7,185 per month. Households that rent pay about 13.42% of their income on rent here. 55940’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
- 55973, MN: equally priced homes
- 55982, MN: higher priced homes
- 55918, MN: less expensive homes
- 55917, MN: less expensive homes
- 55926, MN: less expensive homes
- 55950, MN: equally priced homes
- 55976, MN: higher priced homes
- 55936, MN: equally priced homes
- 55967, MN: equally priced homes
- 55902, MN: higher priced homes
Zip Codes with Similar Populations
- 27553, NC: less expensive homes
- 26033, WV: less expensive homes
- 04347, ME: higher priced homes
- 04974, ME: less expensive homes
- 13060, NY: less expensive homes
- 13730, NY: less expensive homes
- 29162, SC: less expensive homes
- 29475, SC: less expensive homes
- 61285, IL: less expensive homes
- 65259, MO: less expensive homes
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood