56482, Wadena, MN

The 56482 zip code of Wadena, MN has a median home value of $128,000 and a median home equity value of $111,000. The 56482 zip code is located in the southwestern part of the state and has a population of about 1,500 people. The average commute to work is about 25 minutes.

The 56482 zip code has seen an increase in home values over the past five years. In 2012, the median home value was $107,000 and the median home equity value was $98,000. In 2016, the median home value was $128,000 and the median home equity value was $111,000. This indicates that there has been an increase in both homes values and equity within this particular zip code over this time period.

One reason for this increase in home values may be due to low interest rates throughout much of the country. Low interest rates make it more affordable for people to buy homes and also allows homeowners to borrow against their homes’ equity more easily. Additionally, Wadena is located in a desirable area with plenty of amenities nearby (such as restaurants and shopping). These factors may have contributed to increased demand for housing within this zip code over time.