55769, Nashwauk, MN

Nashwauk is a small town located in the rural area of southern Minnesota. The population of Nashwauk was 2,811 as of the 2010 census. The median household income in Nashwauk was $51,913 in 2010, which is higher than the statewide median household income of $50,046. Home prices in Nashwauk have increased significantly over the past several years and are now among the highest in the state.

The 55769 zip code covers a small area within Nashwauk and includes all of the town's residential neighborhoods as well as some commercial areas. As of May 2016, there were 1,715 single-family homes and condos for sale in this zip code. The average list price for a single-family home was $269,000 and the average condo price was $157,000. Over the past year (May 2015 to May 2016), there has been an increase of 18% in the number of single-family homes for sale and an increase of 25% in condo prices.

One reason that home prices have increased so much in Nashwauk is that it is located near many major metropolitan areas such as Minneapolis/St Paul, Duluth, Rochester and St Cloud. These cities have a large number of jobs and people are looking to purchase homes closer to their work locations. Additionally, Nashwauk has seen an influx of families who are moving into town from larger cities due to its excellent schools and low cost of living. This has led to an increase in demand for housing stock within this zip code