56098, Winnebago, MN

The 56098 zip code of Winnebago, MN has a median home value of $128,000 and a median home equity value of $101,000. The 56098 zip code has a population of 5,848 people and the median age is 41 years old. There are 1,521 households in the 56098 zip code and the average household size is 2.59 people. The 56098 zip code has a poverty rate of 10% and an unemployment rate of 3%.

The 56098 zip code is located in southeastern Minnesota and includes parts of Winona County. The area around Winnebago was first settled in 1851 and was named for Chief Winnemac who had fought with the Dakota Indians. The economy in the 56098 zip code is based on agriculture, manufacturing, services, and tourism. In 2010 there were 1,927 jobs in the area and the average wage was $41,500.

There are several factors that affect home values in the 56098 zip code including population growth rates, job opportunities, interest rates, housing stock availability, taxes assessed against property values (both local and state), and climate conditions (such as temperature extremes). Over time it can be difficult to predict which factors will have the most significant impact on home prices within any given ZIP Code or neighborhood. However by understanding some key trends that have affected home values within this particular ZIP Code over recent years it may be possible to make more informed decisions when purchasing or selling a property within this area.