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These days, finding an affordable place to live in the 55960 area can be challenging. Home prices in 55960 are now at a median cost of $541,485, higher than the Minnesota average of $345,793.
The average cost of rent is $926/mo in 55960, primarily driven by the current value of real estate in the 55960 area. In 55960, 8.93% of households rent, and 36.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55960 is $11,925 per month. Households that rent pay about 7.76% of their income on rent here. 55960’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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
- 55901, MN: less expensive homes
- 55963, MN: less expensive homes
- 55956, MN: less expensive homes
- 55906, MN: less expensive homes
- 55991, MN: less expensive homes
- 55920, MN: less expensive homes
- 55955, MN: less expensive homes
- 55992, MN: less expensive homes
- 55932, MN: less expensive homes
- 55957, MN: less expensive homes
Zip Codes with Similar Populations
- 73651, OK: less expensive homes
- 35033, AL: less expensive homes
- 35049, AL: less expensive homes
- 35487, AL: less expensive homes
- 35563, AL: less expensive homes
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- 36441, AL: less expensive homes
- 70377, LA: less expensive homes
- 70788, LA: less expensive homes
- 72635, AR: less expensive homes
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