55379, Shakopee, MN

The Shakopee, MN 55379 zip code has a population of approximately 36,000 people. The median household income in the zip code is $92,500 and the median home value is $248,900. The 55379 zip code has a homeownership rate of 63% and a vacancy rate of 3%.

The average price of a home in the Shakopee, MN 55379 zip code increased by 5.4% from January to March 2018. This was the fifth consecutive month that the average price of homes increased in this zip code. In February 2018, the average price of homes was $247,600 and in January 2018 it was $242,700. The increase in prices can be attributed to an increase in demand for housing as well as low interest rates. Low interest rates make it more affordable for people to borrow money to purchase a home and also make it more likely that people will be able to afford to buy a home even if they have less than perfect credit ratings. Additionally, an increasing number of people are choosing to live in suburban areas instead of downtowns which may lead to an increase in demand for homes near shopping centers and other amenities.