55905, Rochester, MN

The Rochester, MN 55905 zip code has a population of around 100,000 people and is located in the southeastern part of the Twin Cities metro area. The median home value in this zip code is $161,200 which is about average for the Twin Cities metro area. Home equity in this zip code has been increasing over the past few years and currently stands at around $127,000. This indicates that there are a lot of homeowners who are able to use their home equity to finance other purchases or investments.

One reason why home equity values have been increasing in this zip code is because there has been an increase in demand for housing units over the past few years. This has led to an increase in prices for both new and existing homes. Additionally, many homeowners have been able to refinance their mortgages into lower interest rates which has also helped to boost home equity values.