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These days, finding an affordable place to live in the 55981 area can be challenging. Home prices in 55981 are now at a median cost of $258,486, lower than the Minnesota average of $345,793.
The average cost of rent is $812/mo in 55981, primarily driven by the current value of real estate in the 55981 area. In 55981, 23.70% of households rent, and 46.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55981 is $5,720 per month. Households that rent pay about 14.20% of their income on rent here. 55981’s most expensive areas are in the southwestern 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
- 55968, MN: equally priced homes
- 55945, MN: equally priced homes
- 54756, WI: less expensive homes
- 54610, WI: less expensive homes
- 54759, WI: less expensive homes
- 54622, WI: less expensive homes
- 55041, MN: higher priced homes
- 55957, MN: higher priced homes
- 55991, MN: higher priced homes
- 55956, MN: higher priced homes
Zip Codes with Similar Populations
- 75691, TX: less expensive homes
- 70770, LA: less expensive homes
- 40008, KY: less expensive homes
- 62466, IL: less expensive homes
- 77363, TX: higher priced homes
- 35580, AL: less expensive homes
- 30055, GA: higher priced homes
- 46553, IN: equally priced homes
- 50648, IA: less expensive homes
- 19029, PA: less expensive homes
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