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These days, finding an affordable place to live in the 55962 area can be challenging. Home prices in 55962 are now at a median cost of $283,150, lower than the Minnesota average of $345,793.
The average cost of rent is $787/mo in 55962, primarily driven by the current value of real estate in the 55962 area. In 55962, 9.13% of households rent, and 41.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55962 is $7,122 per month. Households that rent pay about 11.06% of their income on rent here. 55962’s most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern 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
- 55971, MN: less expensive homes
- 55949, MN: less expensive homes
- 55943, MN: equally priced homes
- 55935, MN: equally priced homes
- 55965, MN: less expensive homes
- 55923, MN: equally priced homes
- 55921, MN: less expensive homes
- 55990, MN: equally priced homes
- 55941, MN: equally priced homes
- 55947, MN: equally priced homes
Zip Codes with Similar Populations
- 18471, PA: higher priced homes
- 54102, WI: less expensive homes
- 80420, CO: higher priced homes
- 25981, WV: less expensive homes
- 81525, CO: higher priced homes
- 81643, CO: higher priced homes
- 78833, TX: less expensive homes
- 56230, MN: less expensive homes
- 47116, IN: less expensive homes
- 97436, OR: higher priced homes
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