55945, Kellogg, MN

The Kellogg zip code 55945 has a population of approximately 10,000 people. The median household income in the zip code is $67,500 and the median home value is $191,200. The average length of time it takes for a home to sell in the Kellogg zip code is about 97 days.

There are a number of factors that affect home prices in any given area, including the availability of housing stock, interest rates, and local economic conditions. However, one of the most important factors affecting home prices is whether or not there is sufficient equity in an individual's home. In other words, if a homeowner's mortgage balance is greater than his or her home's market value, then there is significant equity available to be invested in another property or used to pay down debt.

According to Zillow®, as of September 2017 there were 2,819 homes for sale in the Kellogg zip code and 1,936 homes were available for purchase. This indicates that there was significant equity available for homeowners to invest in other properties or use to pay down debt. Additionally, according to Trulia®, as of September 2017 the average list price for homes sold in Kellogg was $269 per square foot while the average list price for homes available for purchase was $236 per square foot. This indicates that sellers were able to achieve strong returns on their investments by selling their homes quickly and at above-market prices.