USA.com / Minnesota / Hennepin County / Minneapolis, MN / 55427 / Housing

55427 Zip Code Housing

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As of 2010-2014, median price of a house in 55427 Zip Code is $206,200, which is higher than the state average of $185,200 and is higher than the national average of $175,700. The 55427 Zip Code median house value has grown by 49.31% since 2000. The growth rate for the price of a house in 55427 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 55427 Zip Code was built is 1967, 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 6,685 Owner Occupied Houses in 55427 Zip Code, see rank

55427 Zip Code	206,200 USD
Minnesota	185,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

55427 Zip Code	49.31%
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

	55427 Zip Code	Minnesota	U.S.
Total Housing Units	9,901, see rank, 100%	2,364,149	132,741,033
Occupied Housing Units	9,642, 97.38%, see rank	89.48%	87.55%
Owner Occupied	6,685, 67.52%, see rank	64.51%	56.34%
Renter Occupied	2,957, 29.87%, see rank	24.96%	31.21%
Vacant Housing Units	259, 2.62%, see rank	10.52%	12.45%
For Rent	102, 1.03%, see rank	1.22%	2.34%
For Sale Only	52, 0.53%, see rank	0.96%	1.20%
Rented or Sold, Not Occupied	42, 0.42%, see rank	0.68%	0.92%
For Seasonal, Recreational, or Occasional Use	0, 0.00%, see rank	5.29%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	63, 0.64%, see rank	2.36%	4.00%

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

Year Structure Built

Median Built Year, #492

55427 Zip Code	Minnesota	U.S.
1967	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

	55427 Zip Code	%	Minnesota	U.S.
Owner-Occupied Units	6,685	100%	1,525,201	74,787,460
With a Mortgage	4,554	68.12%, see rank	68.78%	65.58%
Without a Mortgage	2,131	31.88%, 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

55427 Zip Code	1,683 USD
Minnesota	1,526 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	55427 Zip Code	%	Minnesota	U.S.
$299 or Less	11	0.24%, see rank	0.18%	0.20%
$300 to $499	8	0.18%, see rank	1.30%	1.59%
$500 to $699	88	1.93%, see rank	4.08%	5.01%
$700 to $999	402	8.83%, see rank	12.50%	14.32%
$1,000 to $1,499	1,146	25.16%, see rank	30.43%	27.90%
$1,500 to $1,999	1,614	35.44%, see rank	25.36%	20.35%
$2,000 to $2,999	1,183	25.98%, see rank	19.32%	19.52%
$3,000 or More	102	2.24%, see rank	6.84%	11.12%

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

55427 Zip Code	22.50% 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

	55427 Zip Code	%	Minnesota	U.S.
10% or Less	308	6.76%, see rank	6.13%	5.86%
10% to 20%	1,455	31.95%, see rank	35.03%	31.95%
20% to 30%	1,567	34.41%, see rank	30.01%	27.64%
30% to 40%	477	10.47%, see rank	12.88%	13.74%
40% or More	747	16.40%, 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

55427 Zip Code	556 USD
Minnesota	475 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	55427 Zip Code	%	Minnesota	U.S.
$199 or Less	63	2.96%, see rank	4.45%	7.76%
$200 to $299	54	2.53%, see rank	10.96%	14.70%
$300 to $499	620	29.09%, see rank	39.99%	34.63%
$500 to $699	932	43.74%, see rank	27.38%	21.16%
$700 or More	462	21.68%, see rank	17.23%	21.75%

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

55427 Zip Code	11.80% 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

	55427 Zip Code	%	Minnesota	U.S.
10% or Less	925	43.41%, see rank	43.57%	40.19%
10% to 20%	669	31.39%, see rank	31.28%	31.47%
20% to 30%	235	11.03%, see rank	11.58%	12.24%
30% to 40%	169	7.93%, see rank	5.05%	5.64%
40% or More	133	6.24%, 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

	55427 Zip Code	Minnesota	U.S.
Total Housing Units	9,901, 100%	2,364,149	132,741,033
1-unit, Detached	6,433, 64.97%, see rank	67.25%	61.65%
1-unit, Attached	658, 6.65%, see rank	7.45%	5.82%
2 Units	68, 0.69%, see rank	2.34%	3.75%
3 or 4 Units	160, 1.62%, see rank	2.08%	4.43%
5 to 9 Units	286, 2.89%, see rank	2.23%	4.78%
10 or More Units	2,273, 22.96%, see rank	15.14%	13.08%
Mobile Home, Boat, RV, Van, etc.	23, 0.23%, see rank	3.52%	6.49%

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

Rooms

	55427 Zip Code	Minnesota	U.S.
Total Housing Units	9,901, 100%	2,364,149	132,741,033
1 Room	53, 0.54%, see rank	1.54%	1.95%
2 Rooms	234, 2.36%, see rank	2.83%	2.48%
3 Rooms	1,094, 11.05%, see rank	9.20%	9.13%
4 Rooms	1,287, 13.00%, see rank	14.05%	16.60%
5 Rooms	1,023, 10.33%, see rank	15.52%	20.41%
6 Rooms	1,356, 13.70%, see rank	14.98%	18.06%
7 Rooms	1,508, 15.23%, see rank	12.86%	12.27%
8 Rooms	1,255, 12.68%, see rank	11.01%	8.48%
9 Rooms or More	2,091, 21.12%, see rank	18.01%	10.60%
Median Rooms	6.40, see rank	6.00	5.50

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

Bedrooms

	55427 Zip Code	Minnesota	U.S.
Total Housing Units	9,901, 100%	2,364,149	132,741,033
No Bedroom	53, 0.54%, see rank	1.76%	2.17%
1 Bedroom	1,325, 13.38%, see rank	11.71%	11.16%
2 Bedrooms	2,055, 20.76%, see rank	26.64%	26.69%
3 Bedrooms	4,120, 41.61%, see rank	34.15%	39.70%
4 Bedrooms	1,978, 19.98%, see rank	19.81%	16.05%
5 or More Bedrooms	370, 3.74%, see rank	5.94%	4.22%

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

House Heating Fuel

	55427 Zip Code	Minnesota	U.S.
Total Housing Units	9,642, 100%	2,115,337	116,211,092
Utility Gas	7,682, 79.67%, see rank	66.78%	48.85%
Bottled, Tank, or LP Gas	207, 2.15%, see rank	10.05%	4.86%
Electricity	1,526, 15.83%, see rank	16.13%	36.68%
Fuel Oil, Kerosene, etc.	77, 0.80%, see rank	2.62%	5.86%
Coal or Coke	14, 0.15%, see rank	0.03%	0.12%
Wood	0, 0.00%, see rank	2.55%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	112, 1.16%, see rank	1.17%	0.47%
No Fuel Used	24, 0.25%, see rank	0.65%	1.00%

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

Gross Rent

Monthly Rental	55427 Zip Code	Minnesota	U.S.
Occupied Units Paying Rent	2,903, 100%	562,198	39,201,928
$199 or Less	93, 3.20%, see rank	2.46%	1.50%
$200 to $299	60, 2.07%, see rank	4.66%	3.18%
$300 to $499	201, 6.92%, see rank	9.32%	7.37%
$500 to $699	258, 8.89%, see rank	17.06%	16.01%
$700 to $999	1,307, 45.02%, see rank	33.30%	29.17%
$1,000 to $1,499	656, 22.60%, see rank	23.49%	26.88%
$1,500 to $1,999	312, 10.75%, see rank	7.02%	9.79%
$2,000 or More	16, 0.55%, see rank	2.69%	6.10%
Median	$885, see rank	$835	$920

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

Vehicle Available

	55427 Zip Code	Minnesota	U.S.
Occupied Housing Units	9,642, 100%	2,115,337	116,211,092
No Vehicles Available	535, 5.55%, see rank	7.25%	9.12%
1 Vehicles Available	3,395, 35.21%, see rank	30.11%	33.80%
2 Vehicles Available	4,296, 44.56%, see rank	40.67%	37.48%
3 or More Vehicles Available	1,416, 14.69%, see rank	21.97%	19.61%

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