55434
$325,000median sale price
The 55434 zip code, located in Crosby, MN, is currently classified as a balanced market. The median sale price stands at $325,000, representing a -3.6% change year over year. Homes in this area spend an average of 36 days on the market before going under contract. There are currently 26 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 55434 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
67
Last 12 weeks
Days on market
36
Average pace
Active listings
26
Sale-to-list
98.9%
Below asking
Market trends
Market analysis for 55434
The 55434 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 98.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 55434 have declined -3.6% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 55434 stands at $330,025, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,762 per month. This gives a price-to-rent ratio of approximately 15.6, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
32,682
Median income
$88,593/yr
Median age
37.3 years
Owner-occupied
8260.0%
College grads
2640.0%
Avg commute
30.4 min
Living in 55434
Zip code 55434 is home to approximately 32,682 residents. The median household income is $88,593 per year, which shapes the types of homes and amenities available in the area. With a median age of 37.3 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 8260.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 2640.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 30.4 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 55434.
Frequently asked questions about 55434
What is the median home price in 55434?
The current median sale price in 55434 is $325,000, based on recent Redfin transaction data. Prices have changed -3.6% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 55434 a buyer's or seller's market?
The 55434 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 55434?
Zip code 55434 has a population of approximately 32,682 residents. The median household income is $88,593 per year. About 8260.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 55434?
Properties Incorporated provides comprehensive data for 55434 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 55434 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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