55804, Duluth, MN

The Duluth, MN 55804 zip code has a population of about 27,000 and a median household income of $60,000. The home equity in this zip code is about $236,000 and the home prices are about $269,000.

There are a lot of factors that affect the home equity and home prices in a given zip code. Some of these factors include the amount of available inventory, interest rates, local economic conditions, and government regulations.

In the Duluth 55804 zip code, there is a lot of available inventory. This means that there are many homes for sale and buyers have plenty of choices when it comes to which house they want to buy. Additionally, interest rates are low right now so people can afford to buy more homes than they would have been able to in the past.

The local economy can also affect home equity and home prices. For example, if there is an increase in jobs or businesses in a given area then that will likely lead to an increase in housing demand and consequently an increase in home values. On the other hand, if there is a decrease in the local economy then housing demand will decline as well as home values.

Government regulations can also play a role when it comes to determining how much money people can spend on their homes or how much money they can borrow to finance their homes. For example, zoning laws may restrict how many houses someone can build or what type of house they can build within certain boundaries. These types of restrictions may impact both the availability of housing stock as well as home values.