56355, Nelson, MN

Home Equity and Home Prices in the 56355 Zip Code of Nelson, MN

The 56355 zip code of Nelson, MN has a median home value of $151,000. This is higher than the statewide median home value of $130,000. The zip code also has a median home equity value of $101,000 which is higher than the statewide median home equity value of $77,000.

There are a number of factors that may contribute to the high home values in this zip code. Some potential reasons include:

-The population density in this area is high which could lead to increased demand for housing and increased prices;

- Nelson is located in a desirable location with plenty of amenities and access to transportation;

-The quality and size of homes in this zip code are generally high which could lead to increased demand;

-The average age of homes in this zip code is lower than the statewide average which may indicate that there is more interest from buyers in this area;

-And finally, there are relatively few homes for sale compared to other areas within Minnesota which could lead to increased prices.