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55616 Zip Code Housing

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As of 2010-2014, median price of a house in 55616 Zip Code is $162,500, which is lower than the state average of $185,200 and is lower than the national average of $175,700. The 55616 Zip Code median house value has grown by 113.53% since 2000. The growth rate for the price of a house in 55616 Zip Code is much higher than the state average rate of 51.31% and is much higher than the national average rate of 46.91%. The median year that a house in 55616 Zip Code was built is 1960, 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 2,519 Owner Occupied Houses in 55616 Zip Code, see rank

55616 Zip Code	162,500 USD
Minnesota	185,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

55616 Zip Code	113.53%
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

	55616 Zip Code	Minnesota	U.S.
Total Housing Units	4,275, see rank, 100%	2,364,149	132,741,033
Occupied Housing Units	3,203, 74.92%, see rank	89.48%	87.55%
Owner Occupied	2,519, 58.92%, see rank	64.51%	56.34%
Renter Occupied	684, 16.00%, see rank	24.96%	31.21%
Vacant Housing Units	1,072, 25.08%, see rank	10.52%	12.45%
For Rent	14, 0.33%, see rank	1.22%	2.34%
For Sale Only	66, 1.54%, see rank	0.96%	1.20%
Rented or Sold, Not Occupied	0, 0.00%, see rank	0.68%	0.92%
For Seasonal, Recreational, or Occasional Use	782, 18.29%, see rank	5.29%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	210, 4.91%, see rank	2.36%	4.00%

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

Year Structure Built

Median Built Year, #582

55616 Zip Code	Minnesota	U.S.
1960	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

	55616 Zip Code	%	Minnesota	U.S.
Owner-Occupied Units	2,519	100%	1,525,201	74,787,460
With a Mortgage	1,455	57.76%, see rank	68.78%	65.58%
Without a Mortgage	1,064	42.24%, 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

55616 Zip Code	1,235 USD
Minnesota	1,526 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	55616 Zip Code	%	Minnesota	U.S.
$299 or Less	4	0.27%, see rank	0.18%	0.20%
$300 to $499	47	3.23%, see rank	1.30%	1.59%
$500 to $699	92	6.32%, see rank	4.08%	5.01%
$700 to $999	335	23.02%, see rank	12.50%	14.32%
$1,000 to $1,499	594	40.82%, see rank	30.43%	27.90%
$1,500 to $1,999	223	15.33%, see rank	25.36%	20.35%
$2,000 to $2,999	136	9.35%, see rank	19.32%	19.52%
$3,000 or More	24	1.65%, see rank	6.84%	11.12%

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

55616 Zip Code	23.30% 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

	55616 Zip Code	%	Minnesota	U.S.
10% or Less	147	10.10%, see rank	6.13%	5.86%
10% to 20%	436	29.97%, see rank	35.03%	31.95%
20% to 30%	373	25.64%, see rank	30.01%	27.64%
30% to 40%	159	10.93%, see rank	12.88%	13.74%
40% or More	337	23.16%, 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

55616 Zip Code	384 USD
Minnesota	475 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	55616 Zip Code	%	Minnesota	U.S.
$199 or Less	73	6.86%, see rank	4.45%	7.76%
$200 to $299	181	17.01%, see rank	10.96%	14.70%
$300 to $499	558	52.44%, see rank	39.99%	34.63%
$500 to $699	135	12.69%, see rank	27.38%	21.16%
$700 or More	117	11.00%, see rank	17.23%	21.75%

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

55616 Zip Code	10.00% 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

	55616 Zip Code	%	Minnesota	U.S.
10% or Less	522	49.06%, see rank	43.57%	40.19%
10% to 20%	272	25.56%, see rank	31.28%	31.47%
20% to 30%	164	15.41%, see rank	11.58%	12.24%
30% to 40%	35	3.29%, see rank	5.05%	5.64%
40% or More	53	4.98%, 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

	55616 Zip Code	Minnesota	U.S.
Total Housing Units	4,275, 100%	2,364,149	132,741,033
1-unit, Detached	3,605, 84.33%, see rank	67.25%	61.65%
1-unit, Attached	148, 3.46%, see rank	7.45%	5.82%
2 Units	56, 1.31%, see rank	2.34%	3.75%
3 or 4 Units	72, 1.68%, see rank	2.08%	4.43%
5 to 9 Units	50, 1.17%, see rank	2.23%	4.78%
10 or More Units	206, 4.82%, see rank	15.14%	13.08%
Mobile Home, Boat, RV, Van, etc.	138, 3.23%, see rank	3.52%	6.49%

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

Rooms

	55616 Zip Code	Minnesota	U.S.
Total Housing Units	4,275, 100%	2,364,149	132,741,033
1 Room	227, 5.31%, see rank	1.54%	1.95%
2 Rooms	161, 3.77%, see rank	2.83%	2.48%
3 Rooms	274, 6.41%, see rank	9.20%	9.13%
4 Rooms	699, 16.35%, see rank	14.05%	16.60%
5 Rooms	877, 20.51%, see rank	15.52%	20.41%
6 Rooms	794, 18.57%, see rank	14.98%	18.06%
7 Rooms	464, 10.85%, see rank	12.86%	12.27%
8 Rooms	344, 8.05%, see rank	11.01%	8.48%
9 Rooms or More	435, 10.18%, see rank	18.01%	10.60%
Median Rooms	5.40, see rank	6.00	5.50

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

Bedrooms

	55616 Zip Code	Minnesota	U.S.
Total Housing Units	4,275, 100%	2,364,149	132,741,033
No Bedroom	242, 5.66%, see rank	1.76%	2.17%
1 Bedroom	484, 11.32%, see rank	11.71%	11.16%
2 Bedrooms	1,309, 30.62%, see rank	26.64%	26.69%
3 Bedrooms	1,742, 40.75%, see rank	34.15%	39.70%
4 Bedrooms	430, 10.06%, see rank	19.81%	16.05%
5 or More Bedrooms	68, 1.59%, see rank	5.94%	4.22%

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

House Heating Fuel

	55616 Zip Code	Minnesota	U.S.
Total Housing Units	3,203, 100%	2,115,337	116,211,092
Utility Gas	1,514, 47.27%, see rank	66.78%	48.85%
Bottled, Tank, or LP Gas	512, 15.99%, see rank	10.05%	4.86%
Electricity	506, 15.80%, see rank	16.13%	36.68%
Fuel Oil, Kerosene, etc.	199, 6.21%, see rank	2.62%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	412, 12.86%, see rank	2.55%	2.12%
Solar Energy	7, 0.22%, see rank	0.02%	0.05%
Other Fuel	45, 1.40%, see rank	1.17%	0.47%
No Fuel Used	8, 0.25%, see rank	0.65%	1.00%

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

Gross Rent

Monthly Rental	55616 Zip Code	Minnesota	U.S.
Occupied Units Paying Rent	600, 100%	562,198	39,201,928
$199 or Less	37, 6.17%, see rank	2.46%	1.50%
$200 to $299	24, 4.00%, see rank	4.66%	3.18%
$300 to $499	116, 19.33%, see rank	9.32%	7.37%
$500 to $699	157, 26.17%, see rank	17.06%	16.01%
$700 to $999	67, 11.17%, see rank	33.30%	29.17%
$1,000 to $1,499	182, 30.33%, see rank	23.49%	26.88%
$1,500 to $1,999	5, 0.83%, see rank	7.02%	9.79%
$2,000 or More	12, 2.00%, see rank	2.69%	6.10%
Median	$667, see rank	$835	$920

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

Vehicle Available

	55616 Zip Code	Minnesota	U.S.
Occupied Housing Units	3,203, 100%	2,115,337	116,211,092
No Vehicles Available	266, 8.30%, see rank	7.25%	9.12%
1 Vehicles Available	902, 28.16%, see rank	30.11%	33.80%
2 Vehicles Available	1,149, 35.87%, see rank	40.67%	37.48%
3 or More Vehicles Available	886, 27.66%, see rank	21.97%	19.61%

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