55797, Wrenshall, MN

The 55797 zip code of Wrenshall, Minnesota is located in southeastern Minnesota and covers a total area of just over 2 square miles. The population of the zip code as of 2010 was just under 3,000 people, making it one of the smaller zip codes in the state. Over the past few years, home prices in this area have been on the rise, with median home values increasing by almost 20% between 2009 and 2013. This has led to a considerable increase in homeowners' equity levels, with homeowners' equity levels now standing at an average of around $160,000.

While there are some areas within this zip code that are seeing more rapid growth than others, overall home prices have been rising steadily throughout most of Wrenshall over the past few years. This is likely due to a number of factors: firstly, there is a high demand for homes in this area due to its close proximity to both Minneapolis and St Paul; secondly, there is relatively low supply compared to other areas within southeastern Minnesota; and finally, recent economic trends have been favourable for buyers and sellers alike. While there may be some fluctuations from year-to-year as market conditions change (for example, during periods of economic recession), overall it seems that Wrenshall's housing market is continuing to grow at a steady pace.