56686, Williams, MN

The Williams zip code 56686 has a population of around 9,000 people. The median household income in this zip code is $71,000, and the median home value is $236,000. This means that the home equity in this zip code is quite high. In fact, according to Zillow, the average home equity in this zip code is $269,000.

This high level of home equity may be due to several factors. First, Williams has a relatively low unemployment rate (3.5%) compared to other parts of Minnesota (6%). Second, Williams has a high level of education attainment (78% of residents have at least a bachelor's degree). Finally, Williams residents are generally wealthy enough that they are not likely to need to borrow money to buy a house or take out a mortgage.

However, there are some caveats to this analysis. For example, while the average home value in Williams is quite high compared to other parts of Minnesota, it is not as high as it was 10 years ago ($269K vs.$291K today). Additionally, while homeownership rates in Williams are high (79%), this may be due more to the fact that there are few renters than anything else - many renters would qualify for homeowner status if they owned their homes outright.

Overall then - while the homeownership rate and home equity levels in Williams are very high relative to most other parts of Minnesota - it's important not to read too much into these numbers given that they can vary somewhat from year-to-year and region-to-region within Minnesota.