55001, Afton, MN

The 55001 zip code of Afton, MN has a median home value of $147,000 and a median home equity value of $139,000. This is higher than the Minnesota state median home value of $130,800 and the national median home value of $177,200. The 55001 zip code also has a lower than average percentage of homeowners with negative equity (less than 20% compared to the state average of 33%) and a higher percentage of homeowners with positive equity (more than 80% compared to the state average of 63%).

One factor that may contribute to these high home values in the 55001 zip code is its low population density. There are only 2,527 people living in this zip code which is less than half the Minnesota population density of 11,553 people per square mile. This lack of population density may allow for more expensive homes to be built and sold due to their limited competition from other buyers. Additionally, there are relatively few new homes being constructed in this zip code which may also contribute to its high home values.