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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 $198,621, lower than the Minnesota average of $345,793.
The average cost of rent is $953/mo in 55961, primarily driven by the current value of real estate in the 55961 area. In 55961, 13.59% of households rent, and 43.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55961 is $7,858 per month. Households that rent pay about 12.13% of their income on rent here. 55961’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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
- 55975, MN: higher priced homes
- 55951, MN: equally priced 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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