55414, Minneapolis, MN

The Minneapolis, MN 55414 zip code has a median home value of $269,000 and a median home equity of $128,000. The 55414 zip code has a population of about 116,000 people and the median household income is about $72,500.

There are several factors that contribute to the high home values in the Minneapolis 55414 zip code. The first factor is the high demand for housing in Minneapolis. The Minneapolis metro area has one of the highest job growth rates in the country and there is always a demand for new housing. Additionally, many people who live in the Minneapolis 55414 zip code own their homes outright which adds to their home equity. Finally, there is a limited supply of homes available in the Minneapolis 55414 zip code which drives up prices.

Despite these reasons why home values are high in the Minneapolis 55414 zip code, there are some risks associated with owning a home that should be considered before making an investment decision. One risk is that interest rates could rise which would decrease the value of your home equity. Another risk is that you may not be able to sell your home for what you think it's worth if market conditions change negatively.