Zillow Reveals Minnesota's Priciest ZIP Codes
The top 5 most expensive ZIP codes in Minnesota have a median home value ranging from $663,587 to $954,510, with significant growth since 2020, while Zillow Group's stock price and investor activity reflect the company's performance in the real estate market.
The top 25 most expensive ZIP codes in Minnesota have been revealed, with northwest Edina's 55424 taking the top spot, boasting a median home value of $954,510 and a median household income of $241,875, according to Zillow data.
The analysis considered monthly home values and financial data from the Census Bureau, with the top 5 most expensive ZIP codes experiencing significant home value appreciation since 2020. The top 5 ZIP codes, including Wayzata and Woodland's 55391, near Lake Minnetonka's 55331, Orono's 55356, and north of Lake Minnetonka's 55340, have seen growth of 28.9%, 42.1%, 36%, 40%, and 33.9% respectively.
Zillow Group, Inc. (Z) has also seen significant activity, with Greencape Capital Pty Ltd reducing its holdings by 34.8% in the fourth quarter, according to its most recent 13F filing with the SEC. Despite this, Zillow Group's stock price rose 1.3% to $78.33 on Thursday, with a market capitalization of $19.00 billion and a price-to-earnings ratio of -166.66.
As the real estate market continues to evolve, Zillow's data provides valuable insights into the most expensive ZIP codes in Minnesota, while the company's stock performance and investor activity are closely watched by analysts and investors alike.
