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These days, finding an affordable place to live in the 55951 area can be challenging. Home prices in 55951 are now at a median cost of $196,050, lower than the Minnesota average of $345,793.
The average cost of rent is $730/mo in 55951, primarily driven by the current value of real estate in the 55951 area. In 55951, 18.22% of households rent, and 45.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55951 is $5,857 per month. Households that rent pay about 12.47% of their income on rent here. 55951’s most expensive areas are in the northern regions, while the cheapest areas are in the southern 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
- 52134, IA: less expensive homes
- 55961, MN: equally priced homes
- 55977, MN: higher priced homes
- 50455, IA: less expensive homes
- 55909, MN: higher priced homes
- 52155, IA: less expensive homes
- 55975, MN: higher priced homes
- 55933, MN: higher priced homes
- 50476, IA: less expensive homes
- 55970, MN: equally priced homes
Zip Codes with Similar Populations
- 01340, MA: higher priced homes
- 15018, PA: equally priced homes
- 14880, NY: less expensive homes
- 68853, NE: less expensive homes
- 74860, OK: less expensive homes
- 82727, WY: higher priced homes
- 13302, NY: less expensive homes
- 12957, NY: less expensive homes
- 12853, NY: higher priced homes
- 87317, NM: less expensive homes
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