56072, New Richland, MN

The 56072 zip code of New Richland, Minnesota has a median home value of $128,000 and a median home equity value of $101,000. These values are higher than the statewide median home value of $120,000 and the national median home equity value of $106,800. The 56072 zip code is also more expensive than the statewide median home value and the national median home equity value by a significant margin.

There are several factors that may contribute to the high values in the 56072 zip code. First, New Richland is located in a desirable area with plenty of amenities and job opportunities. Second, homes in this zip code are typically well-maintained and have plenty of square footage for families. Third, there is a high demand for housing in this area due to its excellent quality of life features. Finally, many homeowners in this zip code have taken advantage of available financing options to purchase their homes.