56329, Foley, MN

Home Equity and Home Prices in the 56329 Zip Code of Foley, MN

The home equity and home prices in the 56329 zip code of Foley, MN are very high. The median home value in this zip code is $269,000, which is more than triple the median home value in Minnesota as a whole. Additionally, the percentage of homes that are worth more than their original purchase price is also very high in this zip code. This indicates that there are a lot of homeowners who have built up a significant amount of equity in their homes over time.

One reason why home values are so high in this zip code is because there are a lot of affluent residents here. The percentage of households earning over $100,000 per year is above average for Minnesota, and it's also above average for Foley. This means that there's a lot of money available to be invested in homes here, which can help to drive up prices. Additionally, Foley has seen strong growth over the past few years thanks to its many businesses and amenities. This has led to an increase in demand for housing here, which has helped to drive up prices even further.