55746, Hibbing, MN

The 55746 zip code of Hibbing, Minnesota has a population of just over 27,000 people. The median household income in this zip code is just over $50,000, and the median home value is just under $200,000.

Home equity is a key factor in homeownership rates in the United States. In fact, according to Zillow’s 2018 Home Value Index report, the home equity rate for zip codes with a population of 25,000 or more is about 3x higher than for zip codes with a population of less than 10,000. This high level of home equity helps to explain why homeownership rates are so high in areas like the 55746 zip code of Hibbing.

In addition to having a high level of home equity, Hibbing also has relatively low home prices compared to other areas of the country. According to Zillow’s 2018 Home Value Index report, the median home price in Hibbing is just under $200,000 – which makes it one of the most affordable places to buy a house in Minnesota.

Overall, these factors – high levels of home equity and low prices – make the 55746 zip code an excellent place to live and buy a house. If you are looking for an area that offers both strong economic fundamentals and reasonable housing costs, you should consider living in the 55746 zip code of Hibbing