56349, Lowry, MN

Lowry, Minnesota is located in the southeastern part of the state and has a population of just over 5,000 people. The median household income in Lowry is just over $60,000 and the median home value is just over $190,000. In terms of home equity, Lowry residents have a total equity of just under $130,000.

There are a number of factors that contribute to the high home values in Lowry. First and foremost, Lowry is located in one of the most desirable parts of Minnesota and has access to excellent schools and plenty of amenities. Additionally, Lowry is close to both Minneapolis and St. Paul which makes it an attractive place to live and work. Finally, there are a number of large estates located in Lowry which also contributes to the high home values.

Despite these positive factors, there are some challenges facing residents in Lowry when it comes to their home equity. One issue is that there has been an increase in interest rates over the past few years which has made it more difficult for residents to qualify for loans with low interest rates. Additionally, there has been a slowdown in sales activity recently which could lead to lower home values down the road.