55112, Saint Paul, MN

The 55112 zip code of Saint Paul, MN has a median home value of $183,200 and a median home equity value of $146,000. The 55112 zip code is located in the Twin Cities metropolitan area and has a population of approximately 229,000.

There are a number of factors that can affect home values in any given area. In the 55112 zip code, average monthly mortgage payments (including principal and interest) amount to $1,521 which would be the fifth highest monthly mortgage payment out of all the zip codes in Minnesota. Additionally, there is an above-average percentage of owner-occupied homes in this area which could contribute to higher home values. Furthermore, Saint Paul is one of the most expensive cities in America to live in according to Forbes magazine and it is likely that people who live here are more likely to have money available for investments such as buying a home or investing in stocks or bonds.

Overall, it seems that there are many factors that contribute to higher home values in the 55112 zip code including high mortgage payments and an above-average percentage of owner-occupied homes. However, it's also important to consider other factors such as population density and local market conditions when assessing whether or not you should buy a house in this area.