56091, Waldorf, MN

The 56091 zip code of Waldorf, Minnesota is located in the southeastern Twin Cities metropolitan area. The zip code has a population of approximately 10,000 and an average household size of 2.5 people. The median household income in the zip code is $75,000 and the median home value is $249,900.

Home equity in the 56091 zip code has been on a steady rise for the past few years. In January 2016, the home equity index was at an all-time high of 116%. This index measures how much more homes are worth than their original purchase price. Home prices have continued to rise since then and as of September 2017, they were at an all-time high of $269,500. This means that homes in this zip code are worth almost 20% more than they were just five years ago!

One reason for this increase in home values is that there are relatively few homes available for sale in this zip code. In fact, only 4% of homes currently for sale are within walking distance of a public transportation stop! This lack of available housing may be contributing to the increasing prices seen in this area over time.

While it's great to see home values continue to rise in Waldorf, it's important to remember that not everyone can afford these prices. For example, a family with an annual income of $75,000 would only be able to afford to buy a home worth $225,000 if they were lucky enough to find one available on the market!