56359, Onamia, MN

The 56359 zip code of Onamia, Minnesota is located in the southwestern part of the state and has a population of just over 1,000. Home prices in this area have been on the rise for quite some time now, with median home values currently sitting at $183,000. This is a significant increase from just five years ago when median home values were only $130,000.

One reason that home prices in this area have been so high is that there are a lot of homes available for sale. In fact, according to Zillow data, there are currently 97 homes for sale in the 56359 zip code which is more than any other zip code in Minnesota. This abundance of homes for sale has helped to drive up prices as buyers have had plenty of options to choose from.

Another factor that has contributed to the increase in home prices in this area is the low unemployment rate. As of May 2018, unemployment rates were only 3.5% which is much lower than the statewide average unemployment rate of 4%. This low unemployment rate has helped to attract new businesses and residents to the area which has led to an increase in demand for housing units.

Overall, it appears that rising home values and an abundance of available homes are two major factors contributing to the increasing price trend seen in 56359 zip code over recent years. While there may be some uncertainty about whether or not these trends will continue into future years, it’s clear that homeownership opportunities and prices are definitely on the rise right now in Onamia, MN