55370, Plato, MN

The 55370 zip code of Plato, Minnesota is located in the southeastern part of the state and has a population of about 1,000 people. The median household income in this zip code is $61,000 which is higher than the statewide median household income of $55,657. The home equity and home prices in this zip code are both high compared to other areas of the state.

The average home value in this zip code is $187,500 which is more than double the statewide average home value of $106,600. The percentage of homes that are owner-occupied in this zip code is also high at 81%. This indicates that there are a lot of people who own their homes in Plato and are able to use them as their primary residence. Additionally, the percentage of homes that are rented is lower at 17%. This indicates that there are a lot of people who live in Plato but do not own their homes.

One reason why the home equity and home prices in this zip code are high is because there is a lot of demand for housing here. Plato has a population densityof only 2 people per square mile which makes it an ideal place to live if you want to be close to everything without having too many people around you. Additionally, Plato has access to a lot of amenities like shopping centers and schools that make it an attractive place to live.