55040, Isanti, MN

The 55040 zip code of Isanti, MN has a median home value of $153,000 and a median home equity value of $126,000. These values are lower than the statewide median home value of $208,500 and the statewide median home equity value of $142,500. This indicates that the homes in this zip code are less valuable than those in other parts of Minnesota.

One reason for this may be that there is a higher concentration of low-value homes in this zip code. For example, nearly half (46%) of all homes in this zip code have a market value below the state median. This is much higher than the percentage for all Minnesota ZIP codes (21%), or for any other Minnesota ZIP code with more than 1,000 homes (less than 25%). This suggests that there are a lot of low-value homes in this area, which could lead to lower home values.

Another factor that could contribute to lower home values in the 55040 zip code is interest rates. The average interest rate on mortgages in this area is 4%, which is much higher than the statewide average interest rate of 3%. This means that people who want to buy or sell a home here will likely have to pay more money up front. Over time, though, they may be able to recoup some or all of their investment by getting monthly payments that are higher than what they would receive if they were buying or selling elsewhere in Minnesota.