55604, Grand Marais, MN

Home Equity and Home Prices in the 55604 Zip Code of Grand Marais, MN

There is no doubt that home equity is one of the most important assets a person can have. It provides a cushion against unexpected financial challenges, allows for long-term financial planning, and can provide a significant source of retirement income.

According to Zillow, the median home value in the zip code of 55604 was $269,200 as of September 2017. This represents an increase of 5.1% from the previous year and indicates that Grand Marais is among the most affordable places to live in Minnesota.

While there are certainly areas within this zip code with higher home values (such as along Lake Superior), it’s worth noting that even modest homes here typically offer plenty of space and amenities – perfect for raising families or enjoying quiet relaxation time.

Of course, like any other asset class, home prices can fluctuate over time – which is why it’s always important to consult with a qualified real estate agent when making any purchase or sale decisions. But based on current trends, it seems clear that Grand Marais residents are well-positioned to enjoy continued prosperity in their homes over the coming years!