55354, Lester Prairie, MN

The 55354 zip code of Lester Prairie, Minnesota is located in the southwestern part of the state and has a population of just over 2,000. The median household income in this zip code is just over $60,000, which is significantly higher than the statewide median household income of $54,657. This high level of income indicates that there are a lot of households in this zip code that are able to afford to buy or build a home.

As you would expect, home prices in the 55354 zip code are quite high. The average price per square foot for homes in this zip code is $183, which is more than double the statewide average price per square foot of $86. This high level of prices indicates that there are a lot of people who want to live in this area and are willing to pay a premium for property.

One reason why home prices are so high in the 55354 zip code is because there is a lot of demand for housing here. There are only about 1,500 homes available for sale in this area compared to about 7,500 homes available statewide. This means that there is a lot of competition among buyers for properties in this zip code and prices tend to be higher than they would be if there were more available homes for sale.

Another factor that contributes to high home prices in the 55354 zip code is the fact that it has been designated as an affluent area by Zillow. This designation means that there are plenty of people who can afford to buy or build a home here and they aren't worried about budget constraints. As long as you have enough money saved up you can purchase property in this area without having too much difficulty getting financing approved.