USA.com / Minnesota / Hennepin County / Minneapolis, MN / 55447 / Housing

55447 Zip Code Housing

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As of 2010-2014, median price of a house in 55447 Zip Code is $293,400, which is higher than the state average of $185,200 and is much higher than the national average of $175,700. The 55447 Zip Code median house value has grown by 57.57% since 2000. The growth rate for the price of a house in 55447 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 55447 Zip Code was built is 1977, which is newer than the median year for a house built in the state which is 1975 and is about the same as 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 6,674 Owner Occupied Houses in 55447 Zip Code, see rank

55447 Zip Code	293,400 USD
Minnesota	185,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

55447 Zip Code	57.57%
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

	55447 Zip Code	Minnesota	U.S.
Total Housing Units	8,823, see rank, 100%	2,364,149	132,741,033
Occupied Housing Units	8,516, 96.52%, see rank	89.48%	87.55%
Owner Occupied	6,674, 75.64%, see rank	64.51%	56.34%
Renter Occupied	1,842, 20.88%, see rank	24.96%	31.21%
Vacant Housing Units	307, 3.48%, see rank	10.52%	12.45%
For Rent	57, 0.65%, see rank	1.22%	2.34%
For Sale Only	22, 0.25%, see rank	0.96%	1.20%
Rented or Sold, Not Occupied	81, 0.92%, see rank	0.68%	0.92%
For Seasonal, Recreational, or Occasional Use	45, 0.51%, see rank	5.29%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	102, 1.16%, see rank	2.36%	4.00%

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

Year Structure Built

Median Built Year, #246

55447 Zip Code	Minnesota	U.S.
1977	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

	55447 Zip Code	%	Minnesota	U.S.
Owner-Occupied Units	6,674	100%	1,525,201	74,787,460
With a Mortgage	4,696	70.36%, see rank	68.78%	65.58%
Without a Mortgage	1,978	29.64%, 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

55447 Zip Code	1,928 USD
Minnesota	1,526 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	55447 Zip Code	%	Minnesota	U.S.
$299 or Less	0	0.00%, see rank	0.18%	0.20%
$300 to $499	26	0.55%, see rank	1.30%	1.59%
$500 to $699	20	0.43%, see rank	4.08%	5.01%
$700 to $999	311	6.62%, see rank	12.50%	14.32%
$1,000 to $1,499	923	19.66%, see rank	30.43%	27.90%
$1,500 to $1,999	1,274	27.13%, see rank	25.36%	20.35%
$2,000 to $2,999	1,481	31.54%, see rank	19.32%	19.52%
$3,000 or More	661	14.08%, see rank	6.84%	11.12%

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

55447 Zip Code	22.00% 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

	55447 Zip Code	%	Minnesota	U.S.
10% or Less	359	7.64%, see rank	6.13%	5.86%
10% to 20%	1,703	36.26%, see rank	35.03%	31.95%
20% to 30%	1,313	27.96%, see rank	30.01%	27.64%
30% to 40%	512	10.90%, see rank	12.88%	13.74%
40% or More	801	17.06%, 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

55447 Zip Code	593 USD
Minnesota	475 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	55447 Zip Code	%	Minnesota	U.S.
$199 or Less	0	0.00%, see rank	4.45%	7.76%
$200 to $299	77	3.89%, see rank	10.96%	14.70%
$300 to $499	503	25.43%, see rank	39.99%	34.63%
$500 to $699	696	35.19%, see rank	27.38%	21.16%
$700 or More	702	35.49%, see rank	17.23%	21.75%

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

55447 Zip Code	11.20% 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

	55447 Zip Code	%	Minnesota	U.S.
10% or Less	843	42.62%, see rank	43.57%	40.19%
10% to 20%	669	33.82%, see rank	31.28%	31.47%
20% to 30%	231	11.68%, see rank	11.58%	12.24%
30% to 40%	106	5.36%, see rank	5.05%	5.64%
40% or More	99	5.01%, 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

	55447 Zip Code	Minnesota	U.S.
Total Housing Units	8,823, 100%	2,364,149	132,741,033
1-unit, Detached	5,507, 62.42%, see rank	67.25%	61.65%
1-unit, Attached	1,492, 16.91%, see rank	7.45%	5.82%
2 Units	52, 0.59%, see rank	2.34%	3.75%
3 or 4 Units	152, 1.72%, see rank	2.08%	4.43%
5 to 9 Units	129, 1.46%, see rank	2.23%	4.78%
10 or More Units	1,491, 16.90%, 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

	55447 Zip Code	Minnesota	U.S.
Total Housing Units	8,823, 100%	2,364,149	132,741,033
1 Room	9, 0.10%, see rank	1.54%	1.95%
2 Rooms	69, 0.78%, see rank	2.83%	2.48%
3 Rooms	648, 7.34%, see rank	9.20%	9.13%
4 Rooms	1,186, 13.44%, see rank	14.05%	16.60%
5 Rooms	1,210, 13.71%, see rank	15.52%	20.41%
6 Rooms	908, 10.29%, see rank	14.98%	18.06%
7 Rooms	1,026, 11.63%, see rank	12.86%	12.27%
8 Rooms	1,036, 11.74%, see rank	11.01%	8.48%
9 Rooms or More	2,731, 30.95%, see rank	18.01%	10.60%
Median Rooms	6.90, see rank	6.00	5.50

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

Bedrooms

	55447 Zip Code	Minnesota	U.S.
Total Housing Units	8,823, 100%	2,364,149	132,741,033
No Bedroom	19, 0.22%, see rank	1.76%	2.17%
1 Bedroom	542, 6.14%, see rank	11.71%	11.16%
2 Bedrooms	2,593, 29.39%, see rank	26.64%	26.69%
3 Bedrooms	2,515, 28.51%, see rank	34.15%	39.70%
4 Bedrooms	2,366, 26.82%, see rank	19.81%	16.05%
5 or More Bedrooms	788, 8.93%, see rank	5.94%	4.22%

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

House Heating Fuel

	55447 Zip Code	Minnesota	U.S.
Total Housing Units	8,516, 100%	2,115,337	116,211,092
Utility Gas	7,625, 89.54%, see rank	66.78%	48.85%
Bottled, Tank, or LP Gas	88, 1.03%, see rank	10.05%	4.86%
Electricity	658, 7.73%, see rank	16.13%	36.68%
Fuel Oil, Kerosene, etc.	60, 0.70%, see rank	2.62%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	9, 0.11%, see rank	2.55%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	45, 0.53%, see rank	1.17%	0.47%
No Fuel Used	31, 0.36%, see rank	0.65%	1.00%

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

Gross Rent

Monthly Rental	55447 Zip Code	Minnesota	U.S.
Occupied Units Paying Rent	1,791, 100%	562,198	39,201,928
$199 or Less	9, 0.50%, see rank	2.46%	1.50%
$200 to $299	11, 0.61%, see rank	4.66%	3.18%
$300 to $499	85, 4.75%, see rank	9.32%	7.37%
$500 to $699	24, 1.34%, see rank	17.06%	16.01%
$700 to $999	508, 28.36%, see rank	33.30%	29.17%
$1,000 to $1,499	956, 53.38%, see rank	23.49%	26.88%
$1,500 to $1,999	138, 7.71%, see rank	7.02%	9.79%
$2,000 or More	60, 3.35%, see rank	2.69%	6.10%
Median	$1,107, see rank	$835	$920

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

Vehicle Available

	55447 Zip Code	Minnesota	U.S.
Occupied Housing Units	8,516, 100%	2,115,337	116,211,092
No Vehicles Available	200, 2.35%, see rank	7.25%	9.12%
1 Vehicles Available	2,800, 32.88%, see rank	30.11%	33.80%
2 Vehicles Available	3,818, 44.83%, see rank	40.67%	37.48%
3 or More Vehicles Available	1,698, 19.94%, see rank	21.97%	19.61%

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