55722, Coleraine, MN

The 55722 zip code of Coleraine, MN is located in the southeastern part of the Twin Cities metropolitan area. The zip code has a population of approximately 25,000 and an average household size of 2.5 people. The median household income in the zip code is $61,500, and the median home value is $206,000.

There has been a significant increase in home equity and home prices in the 55722 zip code over the past several years. In 2013, the median home value was $191,100, which increased to $206,000 by 2016. This represents an increase of 20% over this period. Similarly, home equity values have also increased significantly over this time period; in 2013, the median home equity value was $101,600, which increased to $128,700 by 2016. This represents an increase of 34% over this period.

There are several factors that may be contributing to these increases in home values and home equity in the 55722 zip code. First and foremost is likely that there are more affluent residents living within this area due to its proximity to both Minneapolis and St Paul as well as its high-quality schools and infrastructure. Additionally, Coleraine has seen strong economic growth over recent years which may have contributed to higher demand for housing within this area. Finally, there has been a general trend across many parts of Minnesota towards increasing prices for homes and property overall; as such it would not be surprising if similar trends were observed in Coleraine specifically.