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These days, finding an affordable place to live in the 55961 area can be challenging. Home prices in 55961 are now at a median cost of $155,925, lower than the Minnesota average of $269,934.
The average cost of rent is $881/mo in 55961, primarily driven by the current value of real estate in the 55961 area. While nearly 35.81% of residents own their homes outright in 55961, 12.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55961 is $6,643 per month. Households that rent pay about 13.27% of their income on rent here. 55961's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 55975, MN: equally priced homes
- 55951, MN: less expensive homes
- 55936, MN: higher priced homes
- 55977, MN: higher priced homes
- 55990, MN: higher priced homes
- 55967, MN: higher priced homes
- 55933, MN: equally priced homes
- 55909, MN: higher priced homes
- 55926, MN: higher priced homes
- 55965, MN: higher priced homes
Zip Codes with Similar Populations
- 93621, CA: higher priced homes
- 96853, HI: higher priced homes
- 96718, HI: higher priced homes
- 54462, WI: higher priced homes
- 96124, CA: higher priced homes
- 96037, CA: higher priced homes
- 95637, CA: higher priced homes
- 95420, CA: higher priced homes
- 94940, CA: higher priced homes
- 94516, CA: higher priced homes
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