56573, Perham, MN

Home Equity and Home Prices in the 56573 Zip Code of Perham, MN

The home equity and home prices in the 56573 zip code of Perham, MN are very high. In fact, according to Zillow, the median home value in this zip code is $269,000. This is a far cry from the national median home value of $181,600. However, given that this zip code is located in a desirable area of Minnesota, it's not surprising that the median home value here is so high.

One reason why the home equity and home prices in this zip code are so high is because there are a lot of wealthy people living here. According to Forbes magazine, Perham has one of the highest concentrations of millionaires per capita in the United States. This means that there are a lot of people who can afford to buy homes at high prices.

Another reason why the home equity and home prices in this zip code are so high is because there are a lot of expensive homes available for sale. According to Zillow, there are currently 97 homes for sale in this zip code and they're all priced at or above $269,000. This means that even if you don't have any money saved up yourself you can still afford to buy a house here if you're willing to spend your entire savings on one property instead of investing it over time into several different properties like most people would do.