USA.com / Minnesota / Hennepin County / Hamel, MN / 55340 / Housing

55340 Zip Code Housing

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As of 2010-2014, median price of a house in 55340 Zip Code is $333,100, which is much higher than the state average of $185,200 and is much higher than the national average of $175,700. The 55340 Zip Code median house value has grown by 59.45% since 2000. The growth rate for the price of a house in 55340 Zip Code is higher than 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 55340 Zip Code was built is 1987, 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 2,044 Owner Occupied Houses in 55340 Zip Code, see rank

55340 Zip Code	333,100 USD
Minnesota	185,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

55340 Zip Code	59.45%
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

	55340 Zip Code	Minnesota	U.S.
Total Housing Units	2,243, see rank, 100%	2,364,149	132,741,033
Occupied Housing Units	2,216, 98.80%, see rank	89.48%	87.55%
Owner Occupied	2,044, 91.13%, see rank	64.51%	56.34%
Renter Occupied	172, 7.67%, see rank	24.96%	31.21%
Vacant Housing Units	27, 1.20%, see rank	10.52%	12.45%
For Rent	27, 1.20%, see rank	1.22%	2.34%
For Sale Only	0, 0.00%, 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	0, 0.00%, see rank	5.29%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	0, 0.00%, see rank	2.36%	4.00%

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

Year Structure Built

Median Built Year, #72

55340 Zip Code	Minnesota	U.S.
1987	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

	55340 Zip Code	%	Minnesota	U.S.
Owner-Occupied Units	2,044	100%	1,525,201	74,787,460
With a Mortgage	1,441	70.50%, see rank	68.78%	65.58%
Without a Mortgage	603	29.50%, 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

55340 Zip Code	2,177 USD
Minnesota	1,526 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	55340 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	26	1.80%, see rank	4.08%	5.01%
$700 to $999	105	7.29%, see rank	12.50%	14.32%
$1,000 to $1,499	177	12.28%, see rank	30.43%	27.90%
$1,500 to $1,999	326	22.62%, see rank	25.36%	20.35%
$2,000 to $2,999	441	30.60%, see rank	19.32%	19.52%
$3,000 or More	366	25.40%, see rank	6.84%	11.12%

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

55340 Zip Code	19.40% 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

	55340 Zip Code	%	Minnesota	U.S.
10% or Less	140	9.72%, see rank	6.13%	5.86%
10% to 20%	612	42.47%, see rank	35.03%	31.95%
20% to 30%	328	22.76%, see rank	30.01%	27.64%
30% to 40%	112	7.77%, see rank	12.88%	13.74%
40% or More	240	16.66%, 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

55340 Zip Code	677 USD
Minnesota	475 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	55340 Zip Code	%	Minnesota	U.S.
$199 or Less	0	0.00%, see rank	4.45%	7.76%
$200 to $299	22	3.65%, see rank	10.96%	14.70%
$300 to $499	116	19.24%, see rank	39.99%	34.63%
$500 to $699	183	30.35%, see rank	27.38%	21.16%
$700 or More	282	46.77%, see rank	17.23%	21.75%

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

55340 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

	55340 Zip Code	%	Minnesota	U.S.
10% or Less	309	51.24%, see rank	43.57%	40.19%
10% to 20%	155	25.70%, see rank	31.28%	31.47%
20% to 30%	90	14.93%, see rank	11.58%	12.24%
30% to 40%	18	2.99%, see rank	5.05%	5.64%
40% or More	19	3.15%, 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

	55340 Zip Code	Minnesota	U.S.
Total Housing Units	2,243, 100%	2,364,149	132,741,033
1-unit, Detached	1,805, 80.47%, see rank	67.25%	61.65%
1-unit, Attached	55, 2.45%, see rank	7.45%	5.82%
2 Units	0, 0.00%, see rank	2.34%	3.75%
3 or 4 Units	44, 1.96%, see rank	2.08%	4.43%
5 to 9 Units	0, 0.00%, see rank	2.23%	4.78%
10 or More Units	140, 6.24%, see rank	15.14%	13.08%
Mobile Home, Boat, RV, Van, etc.	199, 8.87%, see rank	3.52%	6.49%

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

Rooms

	55340 Zip Code	Minnesota	U.S.
Total Housing Units	2,243, 100%	2,364,149	132,741,033
1 Room	0, 0.00%, see rank	1.54%	1.95%
2 Rooms	0, 0.00%, see rank	2.83%	2.48%
3 Rooms	40, 1.78%, see rank	9.20%	9.13%
4 Rooms	267, 11.90%, see rank	14.05%	16.60%
5 Rooms	116, 5.17%, see rank	15.52%	20.41%
6 Rooms	264, 11.77%, see rank	14.98%	18.06%
7 Rooms	256, 11.41%, see rank	12.86%	12.27%
8 Rooms	281, 12.53%, see rank	11.01%	8.48%
9 Rooms or More	1,019, 45.43%, see rank	18.01%	10.60%
Median Rooms	8.10, see rank	6.00	5.50

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

Bedrooms

	55340 Zip Code	Minnesota	U.S.
Total Housing Units	2,243, 100%	2,364,149	132,741,033
No Bedroom	0, 0.00%, see rank	1.76%	2.17%
1 Bedroom	45, 2.01%, see rank	11.71%	11.16%
2 Bedrooms	341, 15.20%, see rank	26.64%	26.69%
3 Bedrooms	706, 31.48%, see rank	34.15%	39.70%
4 Bedrooms	694, 30.94%, see rank	19.81%	16.05%
5 or More Bedrooms	457, 20.37%, see rank	5.94%	4.22%

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

House Heating Fuel

	55340 Zip Code	Minnesota	U.S.
Total Housing Units	2,216, 100%	2,115,337	116,211,092
Utility Gas	1,537, 69.36%, see rank	66.78%	48.85%
Bottled, Tank, or LP Gas	298, 13.45%, see rank	10.05%	4.86%
Electricity	227, 10.24%, see rank	16.13%	36.68%
Fuel Oil, Kerosene, etc.	68, 3.07%, see rank	2.62%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	57, 2.57%, see rank	2.55%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	24, 1.08%, see rank	1.17%	0.47%
No Fuel Used	5, 0.23%, see rank	0.65%	1.00%

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

Gross Rent

Monthly Rental	55340 Zip Code	Minnesota	U.S.
Occupied Units Paying Rent	160, 100%	562,198	39,201,928
$199 or Less	0, 0.00%, see rank	2.46%	1.50%
$200 to $299	0, 0.00%, see rank	4.66%	3.18%
$300 to $499	0, 0.00%, see rank	9.32%	7.37%
$500 to $699	14, 8.75%, see rank	17.06%	16.01%
$700 to $999	5, 3.13%, see rank	33.30%	29.17%
$1,000 to $1,499	85, 53.13%, see rank	23.49%	26.88%
$1,500 to $1,999	20, 12.50%, see rank	7.02%	9.79%
$2,000 or More	36, 22.50%, see rank	2.69%	6.10%
Median	$1,357, see rank	$835	$920

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

Vehicle Available

	55340 Zip Code	Minnesota	U.S.
Occupied Housing Units	2,216, 100%	2,115,337	116,211,092
No Vehicles Available	73, 3.29%, see rank	7.25%	9.12%
1 Vehicles Available	282, 12.73%, see rank	30.11%	33.80%
2 Vehicles Available	820, 37.00%, see rank	40.67%	37.48%
3 or More Vehicles Available	1,041, 46.98%, see rank	21.97%	19.61%

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