56214, Belview, MN

Belview, MN is located in the Twin Cities metropolitan area and has a population of approximately 8,000. The median home value in Belview is $217,500 and the median home equity is $111,200. The 56214 zip code has a homeownership rate of 66% and a vacancy rate of 2%.

Home prices in Belview have increased significantly over the past few years. In January of 2016, the median home value was $205,000 and by December of 2018 the median home value had increased to $217,500. This represents an increase of 21%. Over this same period of time, the homeownership rate in Belview has also increased from 62% to 66%. This indicates that more people are buying homes in Belview than previously.

One reason for this increase in home values may be due to low interest rates. Since 2007 when the Great Recession began, interest rates have been at historic lows which may have helped stimulate housing demand and prices. Additionally, there are many new homes being built in Belview which may also contribute to increasing prices.

Despite these increases in home values, there are still many opportunities available for buyers who are looking for quality homes at reasonable prices. There are currently 624 properties listed for sale within 56214 zip code which represents an inventory of 11% compared to 12 months ago. This suggests that there may be some room for growth in Belview over the next year or two as more homes come onto the market.