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Affordable
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These days, finding an affordable place to live in the 55983 area can be challenging. Home prices in 55983 are now at a median cost of $279,422, lower than the Minnesota average of $345,793.
The average cost of rent is $773/mo in 55983, primarily driven by the current value of real estate in the 55983 area. In 55983, 23.66% of households rent, and 24.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55983 is $7,072 per month. Households that rent pay about 10.94% of their income on rent here. 55983’s most expensive areas are in the southeastern 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
- 55992, MN: equally priced homes
- 55946, MN: equally priced homes
- 55963, MN: higher priced homes
- 55985, MN: equally priced homes
- 55956, MN: higher priced homes
- 55053, MN: higher priced homes
- 55960, MN: higher priced homes
- 55991, MN: higher priced homes
- 55021, MN: equally priced homes
- 55049, MN: equally priced homes
Zip Codes with Similar Populations
- 48861, MI: less expensive homes
- 62338, IL: less expensive homes
- 60948, IL: less expensive homes
- 56655, MN: higher priced homes
- 54659, WI: less expensive homes
- 54610, WI: less expensive homes
- 52216, IA: less expensive homes
- 52041, IA: less expensive homes
- 49759, MI: less expensive homes
- 49640, MI: higher priced homes
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