Home Values

54016 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$265,000

  • 3.0% 1-year change
  • 2.1% 1-year forecast

The median home value in 54016 is $265,000. 54016 home values have gone up 3.0% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in 54016 is None. The median rent price in 54016 is $1,275, which is lower than the Minneapolis-St Paul Metro median of $1,310.

Foreclosures will be a factor impacting home values in the next several years. In 54016 0.8 homes are foreclosed (per 10,000). This is lower than the Minneapolis-St Paul Metro value of 3.8 and also lower than the national value of 3.9

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 54016 homeowners underwater on their mortgage is 14.0%, which is lower than Minneapolis-St Paul Metro at 15.5%.

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Relative ZHVI
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54016 Market Overview

Data through Apr 30, 2015
  • $265,000 ZHVI
  • 2.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • $273,050 Median sale price
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54016 Market Health

Data through Apr 30, 2015
  • No recent data
  • No data Average days on Zillow
  • 14.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

0.8 homes(Dec 31, 2014) 54016
3.8 homes Minneapolis-St Paul Metro
3.9 homes United States
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Nearby Zip Codes

Name Median ZHVI
55001 $384,400
55042 $382,000
55082 $271,200
Name Median ZHVI
54082 $270,000
55043 $205,200
54023 $195,100
Name Median ZHVI
54025 $185,300
55003 $181,400
54017 $166,500

Listings & Sales

  • No data
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54016 Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,418 54016
    $1,513 Minneapolis-St Paul Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,275 Rent list price
  • $0.86 Rent list price / sq ft
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