56549, Hawley, MN

Hawley, MN is located in the southwestern part of the state and has a population of just over 10,000. The median household income in Hawley is just over $50,000 and the median home value is just under $130,000. Home equity in Hawley has been on the rise for several years now and there are a number of reasons why this might be the case.

One reason that home equity has been on the rise in Hawley is that there are a lot of people who have been able to get their homes refinanced at very low interest rates. This means that they have been able to borrow more money against their homes than they originally owed and this has helped to increase their home equity values. Additionally, there has been an increase in home prices across the country which means that even if someone doesn't have any extra money saved up they can still afford to buy a house if they want to.

However, there are also some risks associated with having high levels of home equity. If someone's job goes down or their economy takes a turn for the worse then they may find it difficult to repay all of the money that they borrowed against their home. Additionally, if someone wants to sell their house then they may need to sell it at a higher price than what they originally paid for it since most people don't want to take on any extra debt when selling their house.