Zip Code:
56544, Frazee, MN
56544 is a Minnesota Zip code within the city of Frazee and the county of Becker. Its population is roughly 5,433.
The Real Estate Market in the 56544 Zip Code of Frazee, Minnesota
The zip code of 56544 in Frazee, Minnesota has a median home value of $119,000. This is a decrease from the median home value of $128,000 in 2016. The percentage decrease is -6%.
There are two main reasons for this decrease. The first reason is that the population of Frazee has decreased by 6%. This means that there are fewer homes for sale and therefore the median home value decreases.
The second reason for the decrease in home values is interest rates. Interest rates have decreased over time which has made it more difficult for people to borrow money to buy a house. When people can't borrow money to buy a house, they are less likely to purchase one because it becomes more expensive.
Zip codes nearby
| Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
|---|---|---|---|---|---|---|---|---|
| 56573 | 6,273 | 17.5 | America/Chicago | 46.61556 | -95.55123 | Perham | Otter Tail County | Minnesota |
| 56587 | 1,353 | 9.1 | America/Chicago | 46.64126 | -95.86143 | Vergas | Otter Tail County | Minnesota |
| 56578 | 778 | 4.4 | America/Chicago | 46.94039 | -95.65265 | Rochert | Becker | Minnesota |
| 56593 | 0 | 0 | America/Chicago | 46.80380 | -95.35401 | Wolf Lake | Becker | Minnesota |
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