55066, Red Wing, MN

Home Equity and Home Prices in the 55066 Zip Code of Red Wing, MN

The 55066 zip code of Red Wing, Minnesota has a median home value of $143,500. The home equity for this zip code is $101,000. This means that the majority of homeowners in this zip code have more equity in their homes than they do debt. Additionally, the average home price in this zip code has increased by 10% over the past year. This indicates that there is strong demand for housing in this area and that prices are likely to continue to rise.

While there are some homeowners who may be struggling with their mortgage payments, the majority of homeowners in this zip code are doing well financially. In fact, nearly two-thirds (64%) of homeowners report that they are "very satisfied" or "satisfied" with their current mortgage situation. This suggests that many people in this area are able to afford their homes and pay their bills without too much difficulty.

Overall, it appears that people in the 55066 zip code are doing well economically and have a lot of confidence in their ability to maintain their homes and mortgages. This suggests that there is likely little risk involved when investing money into property here – even during times of economic uncertainty elsewhere on the market