55939, Harmony, MN

The 55939 zip code of Harmony, Minnesota has a population of approximately 9,000 people. The median household income in this zip code is $60,000 which is lower than the national median household income of $53,046. The unemployment rate in this zip code is 3.5% which is lower than the national unemployment rate of 4.1%. The poverty rate in this zip code is 10.4% which is higher than the national poverty rate of 9.7%.

Home equity and home prices are important factors to consider when looking at purchasing a home in the 55939 zip code of Harmony, Minnesota. Home equity refers to the value of a homeowner's home minus any outstanding mortgages or other loans on that property. Home prices refer to the price at which homes are sold in a given area. In general, homes that are newer and located in desirable neighborhoods tend to have higher home prices than older homes or those located in less desirable neighborhoods.

According to data from Zillow, as of September 2017 the median home value in the 55939 zip code was $151,500 which is higher than both the statewide median home value ($130,800) and national median home value ($177,600). Over the past year (September 2017-September 2018), there was an increase of 2% in home values within this zip code compared to both statewide (up 1%) and nationwide (up 2%) trends over that same period. This suggests that while there may be some regional variation within Minnesota with regards to overall housing market trends, homeownership opportunities and prices remain relatively stable across most parts of the state relative to other states nationwide.