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A tight-supply, appreciation-lean market. The rent math runs thin; demand and tenant incomes are the story.
What would change this read: a price correction (median already −0.9% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −6.2% YoY, is the number to watch.
The median listing price is down 0.9% YoY while the median home got up 1.0% bigger, so value per square foot is down 5.7%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $588K purchase rents for $2,350/mo: 0.40% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 1 BR (rent only, no matching sale price), 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent).
Sales here take about 29 days longer to go under contract than rentals (median across 2 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Multi-Family (rented here, not sold).
U.S. Census ACS characteristics for ZIP 55129 itself, not its parent county.
Renters hold 22.3% of this ZIP's 11,855 occupied households, on a median household income of $144K.
| Measure | ZIP 55129 | Washington County | Difference |
|---|---|---|---|
| Median Household Income | $144K | $115K | +$28K |
| Below Poverty Level | 3.4% | 5.1% | -1.7% |
| Median Age | 36.60 | 39.80 | -3.20 |
| Total Population | 34,120 | 276,238 | -- |
| Avg Household Size | 2.87 | 2.58 | +0.29 |
| Owner-Occupied | 77.7% | 81.3% | -3.6% |
| Worked From Home | 33.1% | 23.6% | +9.5% |
| Mean Commute | 24.80 | 24.00 | +0.80 |
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 1.4% to 276,238: residents under 18 are up 0.6% and those 65 and over are up 4.5%.
County median household income is $115K, 5.1% of residents are below the poverty level, 23.6% work from home.