USA.com / Minnesota / Hinckley, MN / 55037 / Housing

55037 Zip Code Housing

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As of 2010-2014, median price of a house in 55037 Zip Code is $123,600, which is lower than the state average of $185,200 and is lower than the national average of $175,700. The 55037 Zip Code median house value has grown by 49.10% since 2000. The growth rate for the price of a house in 55037 Zip Code is lower than the state average rate of 51.31% and is higher than the national average rate of 46.91%. The median year that a house in 55037 Zip Code was built is 1986, which is newer than the median year for a house built in the state which is 1975 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 1,456 Owner Occupied Houses in 55037 Zip Code, see rank

55037 Zip Code	123,600 USD
Minnesota	185,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

55037 Zip Code	49.10%
Minnesota	51.31%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	55037 Zip Code	Minnesota	U.S.
Total Housing Units	3,073, see rank, 100%	2,364,149	132,741,033
Occupied Housing Units	2,073, 67.46%, see rank	89.48%	87.55%
Owner Occupied	1,456, 47.38%, see rank	64.51%	56.34%
Renter Occupied	617, 20.08%, see rank	24.96%	31.21%
Vacant Housing Units	1,000, 32.54%, see rank	10.52%	12.45%
For Rent	14, 0.46%, see rank	1.22%	2.34%
For Sale Only	18, 0.59%, see rank	0.96%	1.20%
Rented or Sold, Not Occupied	13, 0.42%, see rank	0.68%	0.92%
For Seasonal, Recreational, or Occasional Use	807, 26.26%, see rank	5.29%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	148, 4.82%, see rank	2.36%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #88

55037 Zip Code	Minnesota	U.S.
1986	1975	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	55037 Zip Code	%	Minnesota	U.S.
Owner-Occupied Units	1,456	100%	1,525,201	74,787,460
With a Mortgage	838	57.55%, see rank	68.78%	65.58%
Without a Mortgage	618	42.45%, see rank	31.22%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

55037 Zip Code	1,207 USD
Minnesota	1,526 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	55037 Zip Code	%	Minnesota	U.S.
$299 or Less	0	0.00%, see rank	0.18%	0.20%
$300 to $499	39	4.65%, see rank	1.30%	1.59%
$500 to $699	73	8.71%, see rank	4.08%	5.01%
$700 to $999	167	19.93%, see rank	12.50%	14.32%
$1,000 to $1,499	285	34.01%, see rank	30.43%	27.90%
$1,500 to $1,999	180	21.48%, see rank	25.36%	20.35%
$2,000 to $2,999	85	10.14%, see rank	19.32%	19.52%
$3,000 or More	9	1.07%, see rank	6.84%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

55037 Zip Code	26.20% of the Total Income
Minnesota	22.50% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	55037 Zip Code	%	Minnesota	U.S.
10% or Less	33	3.94%, see rank	6.13%	5.86%
10% to 20%	212	25.30%, see rank	35.03%	31.95%
20% to 30%	234	27.92%, see rank	30.01%	27.64%
30% to 40%	144	17.18%, see rank	12.88%	13.74%
40% or More	213	25.42%, see rank	15.67%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

55037 Zip Code	341 USD
Minnesota	475 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	55037 Zip Code	%	Minnesota	U.S.
$199 or Less	87	14.08%, see rank	4.45%	7.76%
$200 to $299	156	25.24%, see rank	10.96%	14.70%
$300 to $499	244	39.48%, see rank	39.99%	34.63%
$500 to $699	76	12.30%, see rank	27.38%	21.16%
$700 or More	55	8.90%, see rank	17.23%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

55037 Zip Code	13.80% of the Total Income
Minnesota	11.50% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	55037 Zip Code	%	Minnesota	U.S.
10% or Less	217	35.11%, see rank	43.57%	40.19%
10% to 20%	223	36.08%, see rank	31.28%	31.47%
20% to 30%	88	14.24%, see rank	11.58%	12.24%
30% to 40%	28	4.53%, see rank	5.05%	5.64%
40% or More	60	9.71%, see rank	7.69%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	55037 Zip Code	Minnesota	U.S.
Total Housing Units	3,073, 100%	2,364,149	132,741,033
1-unit, Detached	2,073, 67.46%, see rank	67.25%	61.65%
1-unit, Attached	20, 0.65%, see rank	7.45%	5.82%
2 Units	32, 1.04%, see rank	2.34%	3.75%
3 or 4 Units	66, 2.15%, see rank	2.08%	4.43%
5 to 9 Units	58, 1.89%, see rank	2.23%	4.78%
10 or More Units	196, 6.38%, see rank	15.14%	13.08%
Mobile Home, Boat, RV, Van, etc.	628, 20.44%, see rank	3.52%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	55037 Zip Code	Minnesota	U.S.
Total Housing Units	3,073, 100%	2,364,149	132,741,033
1 Room	176, 5.73%, see rank	1.54%	1.95%
2 Rooms	292, 9.50%, see rank	2.83%	2.48%
3 Rooms	519, 16.89%, see rank	9.20%	9.13%
4 Rooms	528, 17.18%, see rank	14.05%	16.60%
5 Rooms	498, 16.21%, see rank	15.52%	20.41%
6 Rooms	385, 12.53%, see rank	14.98%	18.06%
7 Rooms	266, 8.66%, see rank	12.86%	12.27%
8 Rooms	158, 5.14%, see rank	11.01%	8.48%
9 Rooms or More	251, 8.17%, see rank	18.01%	10.60%
Median Rooms	4.50, see rank	6.00	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	55037 Zip Code	Minnesota	U.S.
Total Housing Units	3,073, 100%	2,364,149	132,741,033
No Bedroom	176, 5.73%, see rank	1.76%	2.17%
1 Bedroom	684, 22.26%, see rank	11.71%	11.16%
2 Bedrooms	887, 28.86%, see rank	26.64%	26.69%
3 Bedrooms	872, 28.38%, see rank	34.15%	39.70%
4 Bedrooms	382, 12.43%, see rank	19.81%	16.05%
5 or More Bedrooms	72, 2.34%, see rank	5.94%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	55037 Zip Code	Minnesota	U.S.
Total Housing Units	2,073, 100%	2,115,337	116,211,092
Utility Gas	570, 27.50%, see rank	66.78%	48.85%
Bottled, Tank, or LP Gas	726, 35.02%, see rank	10.05%	4.86%
Electricity	407, 19.63%, see rank	16.13%	36.68%
Fuel Oil, Kerosene, etc.	51, 2.46%, see rank	2.62%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	292, 14.09%, see rank	2.55%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	18, 0.87%, see rank	1.17%	0.47%
No Fuel Used	9, 0.43%, see rank	0.65%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	55037 Zip Code	Minnesota	U.S.
Occupied Units Paying Rent	526, 100%	562,198	39,201,928
$199 or Less	35, 6.65%, see rank	2.46%	1.50%
$200 to $299	63, 11.98%, see rank	4.66%	3.18%
$300 to $499	60, 11.41%, see rank	9.32%	7.37%
$500 to $699	153, 29.09%, see rank	17.06%	16.01%
$700 to $999	160, 30.42%, see rank	33.30%	29.17%
$1,000 to $1,499	47, 8.94%, see rank	23.49%	26.88%
$1,500 to $1,999	8, 1.52%, see rank	7.02%	9.79%
$2,000 or More	0, 0.00%, see rank	2.69%	6.10%
Median	$668, see rank	$835	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	55037 Zip Code	Minnesota	U.S.
Occupied Housing Units	2,073, 100%	2,115,337	116,211,092
No Vehicles Available	149, 7.19%, see rank	7.25%	9.12%
1 Vehicles Available	714, 34.44%, see rank	30.11%	33.80%
2 Vehicles Available	703, 33.91%, see rank	40.67%	37.48%
3 or More Vehicles Available	507, 24.46%, see rank	21.97%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.