55006, Braham, MN

Braham, MN is located in the 55006 zip code. According to the 2010 census, Braham has a population of 1,921. The median household income was $60,812 and the median family income was $68,711. In 2008, there were a total of 1,848 housing units in the 55006 zip code. Of these housing units, 97% were occupied and 3% were vacant. The average home value in the 55006 zip code was $161,000.

The homeownership rate in Braham is 97%. This means that out of every 100 households in Braham, 97 are owner-occupied and 3 are renter-occupied. The percentage of owner-occupied housing units is higher than the Minnesota state average of 85%. Additionally, the percentage of renter-occupied housing units is lower than the Minnesota state average of 10%. This indicates that more households in Braham are owner-occupiers than renters.

The home equity rate in Braham is 98%. This means that out of every 100 dollars worth of mortgages on homes in Braham, 98 cents are owned by homeowners and 2 cents are owned by renters. The home equity rate is higher than both the Minnesota state average (93%) and national average (86%). This indicates that more households in Braham have a greater amount of equity in their homes than other households across Minnesota and nationally.