56132, Garvin, MN

Garvin, MN is located in the 56132 zip code. The median home value in this zip code is $128,000. The median home equity in this zip code is $60,000. This means that the homeownership rate in this zip code is 47%.

The percentage of households that own their homes outright (without any mortgage) is 54%. The percentage of households that own their homes with a mortgage is 46%. This means that the homeownership rate for Garvin, MN residents who do not have a mortgage is 10% higher than the homeownership rate for Garvin, MN residents who do have a mortgage.

The average amount of money that people spend on their mortgages each month is $1,200. The average amount of money that people spend on their home equity each month is $1,600. This means that the homeownership rate for Garvin, MN residents who have a mortgage and also spend an average amount of money on their home equity each month is 66% higher than the homeownership rate for Garvin, MN residents who do not have a mortgage and also spend an average amount of money on their home equity each month.