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These days, finding an affordable place to live in the 55963 area can be challenging. Home prices in 55963 are now at a median cost of $369,642, higher than the Minnesota average of $345,793.
The average cost of rent is $1,451/mo in 55963, primarily driven by the current value of real estate in the 55963 area. In 55963, 15.73% of households rent, and 33.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55963 is $9,390 per month. Households that rent pay about 15.45% of their income on rent here. 55963’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern 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
- 55960, MN: higher priced homes
- 55992, MN: less expensive homes
- 55956, MN: less expensive homes
- 55955, MN: equally priced homes
- 55983, MN: less expensive homes
- 55920, MN: equally priced homes
- 55901, MN: less expensive homes
- 55991, MN: equally priced homes
- 55985, MN: less expensive homes
- 55944, MN: less expensive homes
Zip Codes with Similar Populations
- 25530, WV: less expensive homes
- 85147, AZ: less expensive homes
- 80951, CO: higher priced homes
- 30292, GA: less expensive homes
- 29676, SC: higher priced homes
- 29555, SC: less expensive homes
- 29511, SC: less expensive homes
- 29059, SC: less expensive homes
- 28356, NC: less expensive homes
- 26704, WV: less expensive homes
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