55056, North Branch, MN

The 55056 zip code of North Branch, MN has a median home value of $151,000 and a median home equity value of $111,000. These values are higher than the statewide median home value of $146,800 and the national median home equity value of $130,900. This indicates that homes in the 55056 zip code are more valuable than average. Additionally, this zip code has a lower than average rate of homeownership at 54%. This may be due to the high cost of living or because there are not as many homes for sale in this area.

Despite having a high home value and low homeownership rate, there is evidence that the 55056 zip code is doing well economically. The unemployment rate in this area is 3%, which is lower than Minnesota's unemployment rate of 4%. Additionally, the poverty rate in this zip code is 9%, which is lower than Minnesota's poverty rate of 11%. This indicates that there are many jobs available in the area and that people are able to afford housing.