56270, Morton, MN

Morton, MN is located in the 56270 zip code. The median home value in this zip code is $157,000. The median home equity in this zip code is $77,000. This means that the majority of homes in this zip code have a lower home equity than the national average of $123,600.

The percentage of homes with a mortgage in this zip code is 54%. This percentage is lower than the national average of 63%. The percentage of homes with a HELOC (home equity line of credit) in this zip code is 2%. This percentage is higher than the national average of 1%.

The percentage of households earning less than $30,000 per year in this zip code is 18%. This percentage is higher than the national average of 14%. The percentage of households earning more than $75,000 per year in this zipcode is 78%. This percentage is higher than the national average of 62%.

There are many factors that contribute to home equity and home prices. Some factors that may influence these values include: location (near major cities or suburbs), size and layout (including number and typeof bedrooms and bathrooms), age and conditionofthehome(newer vs older),andnumberoflivingroomsandatticspace(1-2 vs 3+).