56345, Little Falls, MN

The 56345 zip code of Little Falls, Minnesota has a population of approximately 10,000 people. The median household income in this zip code is $68,000 which is significantly higher than the national median household income of $53,046. Additionally, the homeownership rate in this zip code is 73%, which is significantly higher than the national homeownership rate of 62%.

One reason that the homeownership rate in this zip code is so high is likely because there are a large number of families who have lived in this area for generations. Additionally, many people who live in this zip code own their homes outright rather than using a mortgage. This means that they have more equity in their homes and are less likely to need to sell if they want to move or change jobs.

Another factor that may contribute to the high homeownership rate in this zip code is the fact that there are a large number of single-family homes here. This means that it’s easier for people to buy and own their homes outright without having to worry about getting approval from a lender or dealing with any other complications associated with owning a home.

Overall, it appears that the home equity and home prices in the 56345 zip code of Little Falls are very stable and well-priced compared to other areas of the country. This makes it an ideal area for people who want to buy or invest in property