56687, Wilton, MN

The 56687 zip code of Wilton, Minnesota is located in the Twin Cities metropolitan area. The zip code has a population of about 26,000 and an average household size of 2.5 people. The median household income in the zip code is $92,500, which is significantly higher than the statewide median household income of $55,657. The unemployment rate in the zip code is 3.9%, which is lower than the statewide unemployment rate of 4.1%.

Home prices in the 56687 zip code have increased significantly over the past several years. In January 2017, the median home price was $269,000 and by December 2017 it had increased to $291,000. This represents a 36% increase over a period of just four years! Over this same period, home values in neighboring zip codes have also increased substantially; for example, home values in ZIP Code 56501 (which includes parts of Wilton) have increased by 43%.

One possible explanation for this trend may be that there are relatively few homes available for sale in the 56687 zip code compared to other areas of Minneapolis and St Paul. Additionally, many homeowners who live in this area may be able to afford to pay higher prices due to their high incomes or strong equity levels in their homes. Alternatively, it could be that investors are increasingly interested in purchasing homes within this area because of its high potential for growth; as long as interest rates remain low and economic conditions continue to improve overall, it seems likely that home prices will continue to increase rapidly within this particular ZIP code