55315, Carver, MN

The 55315 zip code of Carver, Minnesota has a population of approximately 8,000 people. The median household income in this zip code is $59,000 and the median home value is $158,500. The percentage of homes that are owner-occupied is 71% and the percentage of homes that are renter-occupied is 29%.

There has been a significant increase in home equity in the 55315 zip code over the past five years. In 2012, the median home equity was $101,500. By 2016, this had increased to $158,500. This represents an increase of 66%. Over this same period of time, the average price for single family homes in this zip code has increased by 28%. This indicates that there is strong demand for housing in the 55315 zip code and that homeowners are able to achieve significant increases in their home values over time.

There are several factors contributing to these high levels of home equity and home prices in the 55315 zip code. First and foremost is the strong economy – especially within the Minneapolis/St Paul metropolitan area – which has led to increasing demand for housing throughout Minnesota. Additionally, Carver is a well-established community with a high level of quality living amenities – including excellent schools – which contributes to its popularity among homeowners and potential buyers alike. Finally, there is abundant available land within close proximity to downtown Minneapolis which makes it possible for homeowners to purchase larger homes than would be possible in many other areas of Minnesota.