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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 −3.6% YoY. inventory, +3.3% YoY, is the number to watch.
The median listing price is down 3.6% YoY while the median home got down 4.4% bigger, so value per square foot is up 2.4%.
U.S. Census ACS characteristics for ZIP 56003 itself, not its parent county.
Renters hold 28.7% of this ZIP's 6,349 occupied households, on a median household income of $83K.
| Measure | ZIP 56003 | Nicollet County | Difference |
|---|---|---|---|
| Median Household Income | $83K | $80K | +$3K |
| Below Poverty Level | 4.4% | 8.0% | -3.6% |
| Median Age | 38.80 | 38.30 | +0.50 |
| Total Population | 15,258 | 34,411 | -- |
| Avg Household Size | 2.38 | 2.40 | -0.02 |
| Owner-Occupied | 71.3% | 72.2% | -0.9% |
| Worked From Home | 10.2% | 13.3% | -3.1% |
| Mean Commute | 15.10 | 16.40 | -1.30 |
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 0.2% to 34,411: residents under 18 are down 0.7% and those 65 and over are up 2.3%.
County median household income is $80K, 8.0% of residents are below the poverty level, 13.3% work from home.