55721, Cohasset, MN

Home Equity and Home Prices in the Cohasset, MN 55721 Zip Code

The Cohasset, MN 55721 zip code has a median home value of $187,500. This is higher than the statewide median home value of $161,200. The 55721 zip code also has a median home equity of $100,000. This is higher than the statewide median home equity of $77,600. The 55721 zip code has a lower than average rate of homeownership at 63%. This is lower than the statewide homeownership rate of 66%.

There are several factors that may contribute to these high home values and high home equity rates in the Cohasset, MN 55721 zip code. First and foremost are the excellent schools in this area which have drawn families to live here for many years. Additionally, there is a strong economy in this area which has led to increased job opportunities and an increase in household income. Finally, there is low unemployment rates which means that more people are able to afford homes here compared to other areas across Minnesota.