Zip Code:

56364, Pierz, MN

56364 is a Minnesota Zip code within the city of Pierz and the county of Morrison. Its population is roughly 5,775.

The Real Estate Market in Pierz, MN

The home equity and home prices in the 56364 zip code of Pierz, MN are both relatively high when compared to other zip codes in the area. This is likely due to the fact that Pierz is a desirable location, and there are a number of affluent residents who have chosen to live here. In addition, the local economy has been strong over the past few years, which has helped to drive up prices.

As of September 2017, the median home value in the 56364 zip code was $236,000. This is significantly higher than the median home value for zip codes located in neighboring counties (i.e., Clearwater County had a median home value of $146,000 as of September 2017). In addition, while most homes in Pierz are owner-occupied (i.e., they are not rented), there is a significant amount of rental housing available as well (i.e., approximately 31% of homes are rented). This indicates that there is strong demand for property in this area – which likely contributes to high home values.

While it is important to keep in mind that home values can fluctuate over time – especially if there are any major changes (e.g., economic recession) – it appears that overall prices have remained relatively stable over recent years. This suggests that homeownership opportunities and investment potential in this area remain attractive – even though rates may be higher than average right now.

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