55304 Home Prices & Values

$246,200 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 6.3% 1-year change
  • 1.3% 1-year forecast

The median home value in 55304 is $246,200. 55304 home values have gone up 6.3% over the past year and Zillow predicts they will rise 1.3% within the next year. The median list price per square foot in 55304 is $174, which is lower than the Ham Lake average of $183. The median price of homes currently listed in 55304 is $299,888 while the median price of homes that sold is $257,625. The median rent price in 55304 is $1,595.

Foreclosures will be a factor impacting home values in the next several years. In 55304 1.6 homes are foreclosed (per 10,000). This is greater than the Ham Lake value of 1.2 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 55304 is 3.4%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 55304 homeowners underwater on their mortgage is 15.2%.

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Relative ZHVI
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55304 Market Overview

Data through Jul 31, 2014
  • $246,200 ZHVI
  • 1.3% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $299,888 Median listing price
  • $257,625 Median sale price (Jun 30, 2014)
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55304 Market Health

Data through Jul 31, 2014
  • 5.6/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 15.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.6 homes 55304
1.2 homes Ham Lake
4.4 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
55449 $250,900 55011 $220,100 55443 $207,100
55005 $196,500 55316 $194,100 55448 $178,300
55444 $177,300 55434 $171,000 55433 $160,100

Listings & Sales

Data through Jul 31, 2014
  • $174 Median list price / sq ft
  • $168 Median sale price / sq ft (Jun 30, 2014)
  • 52.9% Listings with price cut
21.2%
Sold below listing
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55304 Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,616 55304
$1,637 Ham Lake
$1,318 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,595 Rent list price
  • No data Rent list price / sq ft
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