55398, Zimmerman, MN

The 55398 zip code of Zimmerman, MN has a median home value of $146,000. This is higher than the statewide median home value of $130,000 and the national median home value of $177,500. The majority of homes in this zip code are owner-occupied. Home equity in this zip code is also high with 78% of residents reporting that they have more than 20% equity in their homes. This compares to the statewide average of 54% and the national average of 63%.

Zimmerman is a small town located in southeastern Minnesota. It has a population of just over 1,600 people and an unemployment rate of 3%. The cost of living in Zimmerman is lower than the statewide average and much lower than the national average. This may be due to the fact that there are not many amenities available in Zimmerman or because wages are lower here.

Despite being a small town, Zimmerman has seen strong growth over the past few years. In 2013, there was a 10% increase in population while housing values increased by 14%. This growth may be due to job opportunities and low costs associated with living here. There are currently no major development projects planned for Zimmerman which could impact housing prices or home equity levels in the future.