56093, Waseca, MN

The 56093 zip code of Waseca, Minnesota has a median home value of $135,000 and a median home equity value of $102,000. These values are lower than the statewide median home value of $218,500 and statewide median home equity value of $146,200. The 56093 zip code also has a lower than average percentage of homes with mortgages at 58%. This is likely due to the low unemployment rate in the area and the fact that many residents are likely able to afford mortgages without having to rely on outside sources such as student loans or credit cards.

Despite these positive indicators, there are some concerns that should be addressed when thinking about buying or selling a home in the 56093 zip code. First and foremost is the fact that there is an above average percentage of homes in foreclosure (14%) which could lead to increased prices if not resolved quickly. Additionally, while Waseca is generally considered to be a safe community with low crime rates, it does have one of the higher rates for violent crime in Minnesota which could impact buyers’ decisions when looking for homes in this area.