56373, Royalton, MN

The 56373 zip code of Royalton, Minnesota has a median home value of $159,000 and a median home equity value of $101,000. These values are significantly lower than the statewide median home value of $269,500 and statewide median home equity value of $146,200. The reason for this discrepancy is likely due to the fact that Royalton is located in one of the most expensive counties in Minnesota – Hennepin.

Royalton is also one of the more affordable zip codes in Hennepin County. The average list price for homes in Royalton is only about 10% higher than the average list price for homes in neighboring zip codes. This indicates that there are plenty of opportunities for buyers who are looking to purchase a home within Royalton without having to overpay.

Despite these factors, it’s important to keep in mind that home values can fluctuate greatly from year-to-year and neighborhood-to-neighborhood. So if you’re thinking about buying or selling a home in Royalton, be sure to consult with an experienced real estate agent who can provide you with accurate market information.