56401, Brainerd, MN

The 56401 zip code of Brainerd, MN has a population of around 10,000 people and a median household income of $50,000. The home equity and home prices in this zip code are both relatively low when compared to other zip codes in the Twin Cities area.

According to Zillow, the median home value in the 56401 zip code is $157,200. This is lower than the median home value of $213,500 for all of Minnesota and lower than the national median home value of $217,500. Additionally, Zillow reports that the average monthly mortgage payment for homes in this zip code is $1,569 which is also lower than the statewide average monthly mortgage payment of $1,828 and lower than the national average monthly mortgage payment of $2,159.

This suggests that homeownership rates and home values are relatively low in this zip code compared to other areas in Minnesota and across the United States. Additionally, it seems that there is a lot of demand for housing in this area which may be contributing to these low prices.