55947, La Crescent, MN

The La Crescent, MN 55947 zip code has a population of approximately 2,000 people. The median household income in the zip code is $72,500 and the median home value is $158,900. The home equity in the zip code is approximately $101,000.

There are a number of factors that contribute to the high home equity in the La Crescent, MN 55947 zip code. First and foremost, this area has a high rate of homeownership which contributes to the stability of home values. Additionally, there is a low rate of foreclosure activity which keeps prices high and discourages investors from entering the market. Finally, there is a limited supply of homes in this area which keeps prices high.

Despite these positive factors, there are some challenges that face homeowners in the La Crescent, MN 55947 zip code. One challenge is that interest rates have been relatively low for much of this decade which has made it difficult for people to save money for a down payment on a new home. Another challenge is that there are not many new homes being built in this area which means that existing homes are becoming more expensive over time.