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55118 Zip Code Housing

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As of 2010-2014, median price of a house in 55118 Zip Code is $215,700, which is higher than the state average of $185,200 and is higher than the national average of $175,700. The 55118 Zip Code median house value has grown by 50.31% since 2000. The growth rate for the price of a house in 55118 Zip Code is about the same as 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 55118 Zip Code was built is 1969, which is older than the median year for a house built in the state which is 1975 and is older 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 7,987 Owner Occupied Houses in 55118 Zip Code, see rank

55118 Zip Code	215,700 USD
Minnesota	185,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

55118 Zip Code	50.31%
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

	55118 Zip Code	Minnesota	U.S.
Total Housing Units	12,523, see rank, 100%	2,364,149	132,741,033
Occupied Housing Units	11,934, 95.30%, see rank	89.48%	87.55%
Owner Occupied	7,987, 63.78%, see rank	64.51%	56.34%
Renter Occupied	3,947, 31.52%, see rank	24.96%	31.21%
Vacant Housing Units	589, 4.70%, see rank	10.52%	12.45%
For Rent	267, 2.13%, see rank	1.22%	2.34%
For Sale Only	103, 0.82%, see rank	0.96%	1.20%
Rented or Sold, Not Occupied	51, 0.41%, see rank	0.68%	0.92%
For Seasonal, Recreational, or Occasional Use	28, 0.22%, see rank	5.29%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	140, 1.12%, see rank	2.36%	4.00%

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

Year Structure Built

Median Built Year, #466

55118 Zip Code	Minnesota	U.S.
1969	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

	55118 Zip Code	%	Minnesota	U.S.
Owner-Occupied Units	7,987	100%	1,525,201	74,787,460
With a Mortgage	5,508	68.96%, see rank	68.78%	65.58%
Without a Mortgage	2,479	31.04%, 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

55118 Zip Code	1,629 USD
Minnesota	1,526 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	55118 Zip Code	%	Minnesota	U.S.
$299 or Less	0	0.00%, see rank	0.18%	0.20%
$300 to $499	24	0.44%, see rank	1.30%	1.59%
$500 to $699	166	3.01%, see rank	4.08%	5.01%
$700 to $999	563	10.22%, see rank	12.50%	14.32%
$1,000 to $1,499	1,610	29.23%, see rank	30.43%	27.90%
$1,500 to $1,999	1,327	24.09%, see rank	25.36%	20.35%
$2,000 to $2,999	1,137	20.64%, see rank	19.32%	19.52%
$3,000 or More	681	12.36%, see rank	6.84%	11.12%

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

55118 Zip Code	22.40% 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

	55118 Zip Code	%	Minnesota	U.S.
10% or Less	379	6.88%, see rank	6.13%	5.86%
10% to 20%	1,925	34.95%, see rank	35.03%	31.95%
20% to 30%	1,438	26.11%, see rank	30.01%	27.64%
30% to 40%	639	11.60%, see rank	12.88%	13.74%
40% or More	1,127	20.46%, 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

55118 Zip Code	538 USD
Minnesota	475 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	55118 Zip Code	%	Minnesota	U.S.
$199 or Less	88	3.55%, see rank	4.45%	7.76%
$200 to $299	115	4.64%, see rank	10.96%	14.70%
$300 to $499	930	37.52%, see rank	39.99%	34.63%
$500 to $699	557	22.47%, see rank	27.38%	21.16%
$700 or More	789	31.83%, see rank	17.23%	21.75%

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

55118 Zip Code	11.60% 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

	55118 Zip Code	%	Minnesota	U.S.
10% or Less	1,076	43.40%, see rank	43.57%	40.19%
10% to 20%	822	33.16%, see rank	31.28%	31.47%
20% to 30%	153	6.17%, see rank	11.58%	12.24%
30% to 40%	249	10.04%, see rank	5.05%	5.64%
40% or More	161	6.49%, 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

	55118 Zip Code	Minnesota	U.S.
Total Housing Units	12,523, 100%	2,364,149	132,741,033
1-unit, Detached	6,894, 55.05%, see rank	67.25%	61.65%
1-unit, Attached	914, 7.30%, see rank	7.45%	5.82%
2 Units	220, 1.76%, see rank	2.34%	3.75%
3 or 4 Units	160, 1.28%, see rank	2.08%	4.43%
5 to 9 Units	270, 2.16%, see rank	2.23%	4.78%
10 or More Units	4,008, 32.01%, see rank	15.14%	13.08%
Mobile Home, Boat, RV, Van, etc.	57, 0.46%, see rank	3.52%	6.49%

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

Rooms

	55118 Zip Code	Minnesota	U.S.
Total Housing Units	12,523, 100%	2,364,149	132,741,033
1 Room	114, 0.91%, see rank	1.54%	1.95%
2 Rooms	460, 3.67%, see rank	2.83%	2.48%
3 Rooms	1,347, 10.76%, see rank	9.20%	9.13%
4 Rooms	2,150, 17.17%, see rank	14.05%	16.60%
5 Rooms	2,188, 17.47%, see rank	15.52%	20.41%
6 Rooms	1,547, 12.35%, see rank	14.98%	18.06%
7 Rooms	1,357, 10.84%, see rank	12.86%	12.27%
8 Rooms	1,192, 9.52%, see rank	11.01%	8.48%
9 Rooms or More	2,168, 17.31%, see rank	18.01%	10.60%
Median Rooms	5.50, see rank	6.00	5.50

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

Bedrooms

	55118 Zip Code	Minnesota	U.S.
Total Housing Units	12,523, 100%	2,364,149	132,741,033
No Bedroom	124, 0.99%, see rank	1.76%	2.17%
1 Bedroom	2,209, 17.64%, see rank	11.71%	11.16%
2 Bedrooms	3,774, 30.14%, see rank	26.64%	26.69%
3 Bedrooms	3,772, 30.12%, see rank	34.15%	39.70%
4 Bedrooms	2,075, 16.57%, see rank	19.81%	16.05%
5 or More Bedrooms	569, 4.54%, see rank	5.94%	4.22%

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

House Heating Fuel

	55118 Zip Code	Minnesota	U.S.
Total Housing Units	11,934, 100%	2,115,337	116,211,092
Utility Gas	9,494, 79.55%, see rank	66.78%	48.85%
Bottled, Tank, or LP Gas	186, 1.56%, see rank	10.05%	4.86%
Electricity	1,924, 16.12%, see rank	16.13%	36.68%
Fuel Oil, Kerosene, etc.	79, 0.66%, see rank	2.62%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	9, 0.08%, see rank	2.55%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	105, 0.88%, see rank	1.17%	0.47%
No Fuel Used	137, 1.15%, see rank	0.65%	1.00%

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

Gross Rent

Monthly Rental	55118 Zip Code	Minnesota	U.S.
Occupied Units Paying Rent	3,834, 100%	562,198	39,201,928
$199 or Less	15, 0.39%, see rank	2.46%	1.50%
$200 to $299	105, 2.74%, see rank	4.66%	3.18%
$300 to $499	182, 4.75%, see rank	9.32%	7.37%
$500 to $699	442, 11.53%, see rank	17.06%	16.01%
$700 to $999	2,244, 58.53%, see rank	33.30%	29.17%
$1,000 to $1,499	425, 11.09%, see rank	23.49%	26.88%
$1,500 to $1,999	334, 8.71%, see rank	7.02%	9.79%
$2,000 or More	87, 2.27%, see rank	2.69%	6.10%
Median	$845, see rank	$835	$920

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

Vehicle Available

	55118 Zip Code	Minnesota	U.S.
Occupied Housing Units	11,934, 100%	2,115,337	116,211,092
No Vehicles Available	1,085, 9.09%, see rank	7.25%	9.12%
1 Vehicles Available	4,280, 35.86%, see rank	30.11%	33.80%
2 Vehicles Available	4,899, 41.05%, see rank	40.67%	37.48%
3 or More Vehicles Available	1,670, 13.99%, see rank	21.97%	19.61%

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