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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 $210,165, lower than the Minnesota average of $269,934.
The average cost of rent is $848/mo in 55940, primarily driven by the current value of real estate in the 55940 area. While nearly 35.79% of residents own their homes outright in 55940, 22.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55940 is $6,470 per month. Households that rent pay about 13.10% of their income on rent here. 55940's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 55973, MN: less expensive homes
- 55982, MN: higher priced homes
- 55918, MN: less expensive homes
- 55917, MN: less expensive homes
- 55926, MN: less expensive homes
- 55950, MN: less expensive homes
- 55976, MN: equally priced homes
- 55936, MN: equally priced homes
- 55967, MN: higher 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
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