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These days, finding an affordable place to live in the 55987 area can be challenging. Home prices in 55987 are now at a median cost of $224,332, lower than the Minnesota average of $345,793.
The average cost of rent is $900/mo in 55987, primarily driven by the current value of real estate in the 55987 area. In 55987, 35.97% of households rent, and 42.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55987 is $5,676 per month. Households that rent pay about 15.86% of their income on rent here. 55987’s most expensive areas are in the southern 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
- 55959, MN: higher priced homes
- 54629, WI: equally priced homes
- 54625, WI: less expensive homes
- 55969, MN: higher priced homes
- 54661, WI: higher priced homes
- 55952, MN: equally priced homes
- 55925, MN: higher priced homes
- 54630, WI: higher priced homes
- 55910, MN: higher priced homes
- 55979, MN: higher priced homes
Zip Codes with Similar Populations
- 78602, TX: higher priced homes
- 98445, WA: higher priced homes
- 28056, NC: higher priced homes
- 48035, MI: less expensive homes
- 30341, GA: higher priced homes
- 35630, AL: less expensive homes
- 46077, IN: higher priced homes
- 44105, OH: less expensive homes
- 48124, MI: equally priced homes
- 48205, MI: less expensive homes
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