55150, Mendota, MN

Mendota, MN is located in the 55150 zip code. According to the 2010 census, Mendota has a population of 2,811. The median household income in Mendota is $60,971. The median home value in Mendota is $183,500.

Home equity and home prices are important factors to consider when purchasing a home. Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage or loan. Home prices are based on many factors including location, size and condition of the property, as well as current market conditions.

According to Zillow’s recent report on Minnesota’s 50 most expensive ZIP codes (ZIP code areas with a population greater than 25,000), Mendota ranks number 10 with an average home value of $235,600. This puts Mendota above some larger cities such as Minneapolis ($202,700) and St Paul ($191,200). However it should be noted that Zillow’s report does not take into account taxes or other costs associated with owning a home such as maintenance or insurance premiums.

There has been an increase in home values over the past few years in Mendota – according to Trulia’s recent report on Minnesota’s 20 most valuable ZIP codes (ZIP code areas with a population greater than 100,000), Mendota ranks number 3 with an average home value of $269,100 – up from number 7 just two years ago! This indicates that there is strong demand for homes in Mendota – both from buyers who are looking for good value for their money and also from those who are looking for investment opportunities.

While there may be some variation depending on which part of town you look at (eastern vs western parts of town), overall it seems that homes in Mendota are generally selling quickly and at high prices relative to other parts of Minnesota. This suggests that people who live in Mendota – or plan to live there soon – should definitely consider buying a house now!