55964, Plainview, MN

The home equity and home prices in the 55964 zip code of Plainview, MN are reflective of the overall market conditions in the area. Over the past year, home values have increased by 3.5%, which is slightly below the national average of 3.8%. However, over the past five years, home values have increased by an average of 9.1%. This indicates that there is strong demand for homes in this area and that buyers are willing to pay a premium for properties here.

One reason why home values have been increasing so rapidly in this area is because of its proximity to Minneapolis and Saint Paul. These two major cities are both growing rapidly and are attracting a large number of new residents who want to live close to amenities such as shopping, entertainment, and job opportunities. As a result, there has been an increase in demand for housing near these areas, which has driven up prices across the board.

In addition to being close to major metropolitan areas, Plainview also has many attractive features that make it a desirable place to live. For example, it has a low crime rate and excellent schools system. Additionally, it is located within easy reach of several recreational activities such as skiing at nearby ski resorts or fishing at nearby lakes. Therefore, despite having modest population growth over the past few years (due mainly to migration from other parts of Minnesota), there is still strong demand for homes in this area and prices have continued to rise accordingly.