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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −8.0% YoY. inventory, +7.0% YoY, is the number to watch.
The median listing price is down 8.0% YoY while the median home got down 13.2% bigger, so value per square foot is down 2.3%.
U.S. Census ACS characteristics for ZIP 55123 itself, not its parent county.
Renters hold 22.1% of this ZIP's 10,162 occupied households, on a median household income of $139K.
| Measure | ZIP 55123 | Dakota County | Difference |
|---|---|---|---|
| Median Household Income | $139K | $106K | +$33K |
| Below Poverty Level | 3.7% | 5.8% | -2.1% |
| Median Age | 40.70 | 38.60 | +2.10 |
| Total Population | 26,501 | 445,771 | -- |
| Avg Household Size | 2.59 | 2.54 | +0.05 |
| Owner-Occupied | 77.9% | 74.9% | +3.0% |
| Worked From Home | 26.2% | 21.3% | +4.9% |
| Mean Commute | 21.40 | 23.60 | -2.20 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.8% to 445,771: residents under 18 are down 0.1% and those 65 and over are up 4.2%.
County median household income is $106K, 5.8% of residents are below the poverty level, 21.3% work from home.