55011, Cedar, MN

Home equity is the difference between the market value of a home and the amount of money that a homeowner owes on their mortgage. Home prices are the price at which homes are sold in a given area. Both home equity and home prices can change over time, depending on many factors including interest rates, inflation, and market demand.

According to Zillow, as of September 2017, the median home value in Cedar was $269,200. This means that half of all homes in this zip code were worth more than $269,200 and half were worth less. Over the past year, Cedar's home values have increased by 2%.

While there is no one answer to whether or not homeownership is good for society as a whole (there are many arguments for both sides), it is generally agreed that homeownership provides stability and security for families. In addition, owning your own home gives you an incentive to take care of it – making your neighborhood more livable and attractive – which can also benefit your wallet in the long run.

On the other hand, some people argue that homeownership can be expensive – especially if you're not able to get a good rate on your mortgage or if prices in your area rise faster than inflation. Additionally, if you lose your job or need to move because of a family emergency, you may find yourself with significant debt and little savings left over from your down payment.

Overall – while there are pros and cons to both homeownership and renting – it seems likely that most people would agree that owning a home is something worth striving for (especially if you can get a good rate on your mortgage). If you're thinking about buying or selling in Cedar – or anywhere else in Minnesota – be sure to consult with an experienced real estate agent who can help guide you through all of the available options!