USA.com / Minnesota / Hennepin County / Minneapolis, MN / 55438 / Housing

55438 Zip Code Housing

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As of 2010-2014, median price of a house in 55438 Zip Code is $266,300, which is higher than the state average of $185,200 and is higher than the national average of $175,700. The 55438 Zip Code median house value has grown by 41.42% since 2000. The growth rate for the price of a house in 55438 Zip Code is lower than the state average rate of 51.31% and is lower than the national average rate of 46.91%. The median year that a house in 55438 Zip Code was built is 1981, 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 5,714 Owner Occupied Houses in 55438 Zip Code, see rank

55438 Zip Code	266,300 USD
Minnesota	185,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

55438 Zip Code	41.42%
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

	55438 Zip Code	Minnesota	U.S.
Total Housing Units	7,812, see rank, 100%	2,364,149	132,741,033
Occupied Housing Units	7,485, 95.81%, see rank	89.48%	87.55%
Owner Occupied	5,714, 73.14%, see rank	64.51%	56.34%
Renter Occupied	1,771, 22.67%, see rank	24.96%	31.21%
Vacant Housing Units	327, 4.19%, see rank	10.52%	12.45%
For Rent	71, 0.91%, see rank	1.22%	2.34%
For Sale Only	13, 0.17%, see rank	0.96%	1.20%
Rented or Sold, Not Occupied	37, 0.47%, see rank	0.68%	0.92%
For Seasonal, Recreational, or Occasional Use	152, 1.95%, see rank	5.29%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	54, 0.69%, see rank	2.36%	4.00%

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

Year Structure Built

Median Built Year, #156

55438 Zip Code	Minnesota	U.S.
1981	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

	55438 Zip Code	%	Minnesota	U.S.
Owner-Occupied Units	5,714	100%	1,525,201	74,787,460
With a Mortgage	4,069	71.21%, see rank	68.78%	65.58%
Without a Mortgage	1,645	28.79%, 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

55438 Zip Code	1,826 USD
Minnesota	1,526 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	55438 Zip Code	%	Minnesota	U.S.
$299 or Less	0	0.00%, see rank	0.18%	0.20%
$300 to $499	0	0.00%, see rank	1.30%	1.59%
$500 to $699	67	1.65%, see rank	4.08%	5.01%
$700 to $999	222	5.46%, see rank	12.50%	14.32%
$1,000 to $1,499	1,091	26.81%, see rank	30.43%	27.90%
$1,500 to $1,999	1,074	26.39%, see rank	25.36%	20.35%
$2,000 to $2,999	1,177	28.93%, see rank	19.32%	19.52%
$3,000 or More	438	10.76%, see rank	6.84%	11.12%

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

55438 Zip Code	21.40% 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

	55438 Zip Code	%	Minnesota	U.S.
10% or Less	354	8.70%, see rank	6.13%	5.86%
10% to 20%	1,498	36.81%, see rank	35.03%	31.95%
20% to 30%	1,129	27.75%, see rank	30.01%	27.64%
30% to 40%	481	11.82%, see rank	12.88%	13.74%
40% or More	570	14.01%, 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

55438 Zip Code	604 USD
Minnesota	475 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	55438 Zip Code	%	Minnesota	U.S.
$199 or Less	52	3.16%, see rank	4.45%	7.76%
$200 to $299	88	5.35%, see rank	10.96%	14.70%
$300 to $499	318	19.33%, see rank	39.99%	34.63%
$500 to $699	626	38.05%, see rank	27.38%	21.16%
$700 or More	561	34.10%, see rank	17.23%	21.75%

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

55438 Zip Code	10.60% 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

	55438 Zip Code	%	Minnesota	U.S.
10% or Less	773	46.99%, see rank	43.57%	40.19%
10% to 20%	452	27.48%, see rank	31.28%	31.47%
20% to 30%	205	12.46%, see rank	11.58%	12.24%
30% to 40%	40	2.43%, see rank	5.05%	5.64%
40% or More	135	8.21%, 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

	55438 Zip Code	Minnesota	U.S.
Total Housing Units	7,812, 100%	2,364,149	132,741,033
1-unit, Detached	3,790, 48.52%, see rank	67.25%	61.65%
1-unit, Attached	1,577, 20.19%, see rank	7.45%	5.82%
2 Units	15, 0.19%, see rank	2.34%	3.75%
3 or 4 Units	275, 3.52%, see rank	2.08%	4.43%
5 to 9 Units	111, 1.42%, see rank	2.23%	4.78%
10 or More Units	2,044, 26.16%, see rank	15.14%	13.08%
Mobile Home, Boat, RV, Van, etc.	0, 0.00%, see rank	3.52%	6.49%

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

Rooms

	55438 Zip Code	Minnesota	U.S.
Total Housing Units	7,812, 100%	2,364,149	132,741,033
1 Room	0, 0.00%, see rank	1.54%	1.95%
2 Rooms	221, 2.83%, see rank	2.83%	2.48%
3 Rooms	683, 8.74%, see rank	9.20%	9.13%
4 Rooms	1,221, 15.63%, see rank	14.05%	16.60%
5 Rooms	1,155, 14.78%, see rank	15.52%	20.41%
6 Rooms	834, 10.68%, see rank	14.98%	18.06%
7 Rooms	587, 7.51%, see rank	12.86%	12.27%
8 Rooms	1,109, 14.20%, see rank	11.01%	8.48%
9 Rooms or More	2,002, 25.63%, see rank	18.01%	10.60%
Median Rooms	6.30, see rank	6.00	5.50

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

Bedrooms

	55438 Zip Code	Minnesota	U.S.
Total Housing Units	7,812, 100%	2,364,149	132,741,033
No Bedroom	71, 0.91%, see rank	1.76%	2.17%
1 Bedroom	951, 12.17%, see rank	11.71%	11.16%
2 Bedrooms	2,579, 33.01%, see rank	26.64%	26.69%
3 Bedrooms	1,769, 22.64%, see rank	34.15%	39.70%
4 Bedrooms	1,768, 22.63%, see rank	19.81%	16.05%
5 or More Bedrooms	674, 8.63%, see rank	5.94%	4.22%

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

House Heating Fuel

	55438 Zip Code	Minnesota	U.S.
Total Housing Units	7,485, 100%	2,115,337	116,211,092
Utility Gas	6,386, 85.32%, see rank	66.78%	48.85%
Bottled, Tank, or LP Gas	85, 1.14%, see rank	10.05%	4.86%
Electricity	826, 11.04%, see rank	16.13%	36.68%
Fuel Oil, Kerosene, etc.	15, 0.20%, see rank	2.62%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	12, 0.16%, see rank	2.55%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	121, 1.62%, see rank	1.17%	0.47%
No Fuel Used	40, 0.53%, see rank	0.65%	1.00%

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

Gross Rent

Monthly Rental	55438 Zip Code	Minnesota	U.S.
Occupied Units Paying Rent	1,738, 100%	562,198	39,201,928
$199 or Less	13, 0.75%, see rank	2.46%	1.50%
$200 to $299	20, 1.15%, see rank	4.66%	3.18%
$300 to $499	8, 0.46%, see rank	9.32%	7.37%
$500 to $699	97, 5.58%, see rank	17.06%	16.01%
$700 to $999	484, 27.85%, see rank	33.30%	29.17%
$1,000 to $1,499	774, 44.53%, see rank	23.49%	26.88%
$1,500 to $1,999	184, 10.59%, see rank	7.02%	9.79%
$2,000 or More	158, 9.09%, see rank	2.69%	6.10%
Median	$1,114, see rank	$835	$920

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

Vehicle Available

	55438 Zip Code	Minnesota	U.S.
Occupied Housing Units	7,485, 100%	2,115,337	116,211,092
No Vehicles Available	293, 3.91%, see rank	7.25%	9.12%
1 Vehicles Available	2,610, 34.87%, see rank	30.11%	33.80%
2 Vehicles Available	3,306, 44.17%, see rank	40.67%	37.48%
3 or More Vehicles Available	1,276, 17.05%, see rank	21.97%	19.61%

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