2022 Zimmerman Housing Market Report

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Zimmerman Housing Market compares to the rest of the metro

Histograms use U.S. Census data to show where Zimmerman Housing falls in relation to other cities in the 13-county metro area on key housing and income measures.

Median value of owner-occupied homes

Most metro cities have a median home value of about $250,000. The median home value in 2020 2021 + / โ€“ 2020 2021 + / โ€“
New Listings 37 29 -21.6% 366 315 -13.9%
Closed Sales 40 46 + 15.0% 264 281 + 6.4%
Median Sales Price* $277,693 $303,500 + 9.3% $280,193 $324,680 + 15.9%
Average Sales Price* $298,388 $318,492 + 6.7% $301,072 $332,978 + 10.6%
Price Per Square Foot* $162 $178 + 9.6% AVG $153 $175 + 14.5%
Percent of Original List Price Received* 101.3% AVG 102.3% + 1.0% 100.6% 103.4% + 2.8%
Days on Market Until Sale 29 AVG 13 -55.2% 41 16 -61.0%
Inventory of Homes for Sale 45 AVG 35 -22.2% — — —
Months Supply of Inventory 1.4 AVG 1.1 -21.4% — — —
Local Market Update โ€“ September 2021 A RESEARCH TOOL PROVIDED BY THE SAINT PAUL AREA ASSOCIATION OF REALTORSยฎ
Inventory- 21.6%

Pendings + 15.0%

Closed + 9.3%
Year to Date
Zimmerman

Percent owner-occupied homes

In most metro cities, the housing stock is dominated by owner-occupied homes with a relatively smaller share of rental units. In Zimmerman, about 82% of the housing units are owner-occupied.

Housing Percent cost-burdened owners

Households that spend 30% or more of their income on housing costs are considered “cost-burdened.” In some metro cities, as much as 27% of homeowners are cost-burdened. In Zimmerman, about 17% of homeowners are cost-burdened.

Median household income

There are cities in the metro that have median household incomes as low as $36,000 or as high as $250,000. The median household income in Zimmerman is $77,222.

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