55920, Byron, MN

The zip code 55920 in Byron, Minnesota has a median home value of $128,900 and a median home equity of $101,000. This is a relatively high median home value and median home equity when compared to other zip codes in the state of Minnesota. The reason for this may be due to the fact that Byron is located in a desirable area of the state with plenty of amenities and good schools. Additionally, there are relatively few homes for sale in this zip code which may also contribute to its high home values.

When looking at the history of home prices in the 55920 zip code, it is evident that prices have increased significantly over the past few years. In January 2016, the median home value was $103,500 and by January 2018 it had increased to $128,900. This represents an increase of 36%. Similarly, during this same time period the median home equity also increased by 36%, from $96,700 to $101,000.

While there is no guarantee that prices will continue to rise in the 55920 zip code over the long term, it would appear that they are likely headed in that direction based on current trends. If you are interested in buying or selling a property in this area we would recommend contacting one of our experienced real estate agents who can help you navigate these complex market conditions