56472, Pequot Lakes, MN

The 56472 zip code of Pequot Lakes, Minnesota is located in the Twin Cities metropolitan area. The zip code has a population of approximately 9,000 people and an average household size of 2.6 people. The median age in the zip code is 36 years old and the median income is $60,000.

The home equity in the 56472 zip code of Pequot Lakes, Minnesota has increased significantly over the past few years. In 2013, the home equity in this zip code was $106,000. This increased to $158,000 by 2016 and to $236,000 by 2017. This indicates that there has been a significant increase in home values in this zip code over the past few years.

One reason for this increase in home values may be due to increasing demand for housing within the Twin Cities metropolitan area. The Twin Cities metro area is one of the most desirable places to live in America and has been experiencing strong growth over the past several years. Additionally, there are a number of new developments being built within this area which may also contribute to increasing home values.

Another potential reason for increased home values within the 56472 zip code of Pequot Lakes may be due to low interest rates. Since 2007, interest rates have been relatively low which may have encouraged more people to buy homes and invest their money into their homes instead of other investments such as stocks or bonds. As a result, there has been an increase in prices across all types of property including homes and apartments.