55343, Hopkins, MN

The 55343 zip code of Hopkins, MN has a median home value of $162,500 and a median home equity value of $119,000. These values are significantly lower than the statewide median home value of $214,900 and statewide median home equity value of $146,100. The 55343 zip code is also significantly lower than the national median home value of $217,200 and national median home equity value of $165,700.

There are several factors that may contribute to the low values in the 55343 zip code. First, Hopkins is located in one of Minnesota's more rural areas which may limit its appeal to potential buyers and sellers. Additionally, Hopkins has experienced significant population decline over the past several years which may have reduced demand for homes in the area. Finally, Hopkins is located in a region that has been hit hard by the recent recession which may have caused many homeowners to default on their mortgages or sell their homes at below market prices.