55432, Minneapolis, MN

The Minneapolis, MN 55432 zip code has a median home value of $269,000 and a median home equity of $101,000. These values are significantly higher than the Minnesota statewide median home value of $146,500 and the national median home value of $177,200. The 55432 zip code is also among the top 20% wealthiest zip codes in Minnesota with a median household income of over $100,000.

There are several factors that contribute to the high values in the 55432 zip code. First and foremost is the strong economy in Minneapolis which has led to increased demand for housing and increased prices across all sectors of the market. Additionally, there is a high concentration of wealthy households in this zip code which has helped to drive up prices. Finally, there is limited available land within this area which has driven up prices for homes on larger lots as well as premium neighborhoods.