56243, Grove City, MN

The 56243 zip code of Grove City, Minnesota is located in the southwestern part of the state and has a population of around 10,000. The median household income in this zip code is $68,000 which is above the statewide median household income of $55,046. The home equity and home prices in this zip code are both above average when compared to other zip codes in Minnesota.

The home equity in the 56243 zip code is currently at $236,200 which is higher than the statewide median home equity of $174,500. The home prices in this zip code are also above average when compared to other zip codes in Minnesota. The current median home price in the 56243 zip code is $187,900 which is higher than the statewide median home price of $161,500.

There are a number of factors that may contribute to why the home equity and home prices in the 56243 zip code are both above average. One reason may be that Grove City has a high rate of homeownership which may lead to more affluent residents being able to afford homes that are worth more than average. Additionally, Grove City has a relatively low rate of unemployment which may lead to more affluent residents being able to afford homes that are worth more than average.