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These days, finding an affordable place to live in the 55985 area can be challenging. Home prices in 55985 are now at a median cost of $198,332, lower than the Minnesota average of $269,934.
The average cost of rent is $1,080/mo in 55985, primarily driven by the current value of real estate in the 55985 area. While nearly 38.12% of residents own their homes outright in 55985, 16.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in 55985 is $6,578 per month. Households that rent pay about 16.42% of their income on rent here. 55985's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 55927, MN: less expensive homes
- 55955, MN: higher priced homes
- 55946, MN: equally priced homes
- 55924, MN: less expensive homes
- 55983, MN: equally priced homes
- 55944, MN: higher priced homes
- 55963, MN: higher priced homes
- 55992, MN: higher priced homes
- 55920, MN: higher priced homes
- 55060, MN: equally priced homes
Zip Codes with Similar Populations
- 65337, MO: less expensive homes
- 28449, NC: higher priced homes
- 28521, NC: less expensive homes
- 28615, NC: less expensive homes
- 29741, SC: less expensive homes
- 30118, GA: higher priced homes
- 30441, GA: less expensive homes
- 36509, AL: less expensive homes
- 37095, TN: less expensive homes
- 43045, OH: equally priced homes
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