56224, Clements, MN

The Clements, MN 56224 zip code has a median home value of $128,000 and a median home equity of $101,000. These values are significantly lower than the statewide median home value of $218,500 and statewide median home equity of $142,700. The 56224 zip code is also one of the most affordable zip codes in Minnesota with a median household income of just under $60,000.

There are several factors that may contribute to the lower home values in the 56224 zip code. One reason may be that this area is not as affluent as other parts of Minnesota. Additionally, there may be fewer homes for sale in this area due to low population growth or limited inventory. Finally, many homeowners in this zip code may have taken out mortgages that are below market rates which could limit their ability to sell their homes for more than they originally paid for them.