55951, Le Roy, MN

The home equity and home prices in the 55951 zip code of Le Roy, MN are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $119,500. Additionally, the percentage of homes in this zip code that are owned outright is significantly higher than the national average of 63%. This suggests that there are a lot of people in this zip code who are able to afford to buy a home outright.

One reason why the home equity and home prices in this zip code are so high is likely because there is a lot of wealth concentrated here. The median household income in this zip code is $111,000, which is much higher than the national median household income of $53,046. This means that there are a lot of people who can afford to buy a house even if they don't have any money down.

Another reason why the home equity and home prices in this zip code are so high may be because there is a lot of demand for homes here. The percentage of homes that are currently for sale in this zipcode is significantly lower than the national average of 27%. This suggests that there may not be as many people interested in buying homes here as there would be if the market were more competitive.