56152, Lamberton, MN

The 56152 zip code of Lamberton, MN has a median home value of $128,000 and a median home equity value of $101,000. These values are higher than the Minnesota statewide median home value of $117,500 and the national median home equity value of $106,200. The majority (84%) of homes in the 56152 zip code are owner-occupied while 16% are rented. The average commute to work is 27 minutes.

There has been an increase in home prices in the 56152 zip code over the past five years. In 2013, the median home value was $107,000 while in 2017 it had increased to $128,000. This is an increase of 33%. Over this same period there was also an increase in jobs in Lamberton which likely contributed to this trend as more people were able to afford homes here.

Despite these positive trends, there are some challenges that face homeowners in the 56152 zip code. One issue is that there is a lack of available inventory which has driven up prices for homes here. Additionally, many homeowners here have taken out high-interest loans which may be difficult to pay off if their income decreases or they lose their job.