55305, Hopkins, MN

The 55305 zip code of Hopkins, MN is located in the Twin Cities metropolitan area. The median home value in this zip code is $174,900 and the median home equity is $111,200. This means that approximately 53% of homes in this zip code are valued at more than $100,000 and 47% of homes are valued at more than $150,000. Home prices have increased significantly over the past five years. In 2012, the median home value was $145,500 and by 2016 that had increased to $174,900. This increase has been largely due to an influx of new residents and an increase in demand for housing within the Twin Cities metro area.

There are a number of factors that contribute to home prices increasing over time including population growth, inflation rates, interest rates and market conditions. It is important to note that while home prices in Hopkins have increased significantly over the past few years there remains a significant amount of opportunity available for buyers within this zip code. There are a number of factors that could cause prices to decrease such as a decrease in population growth or an increase in interest rates which would lead to fewer buyers being able to afford homes within this zip code.