56284, Renville, MN

The 56284 zip code of Renville, Minnesota has a median home value of $119,000 and a median home equity of $101,000. This is a relatively high median home value and median home equity when compared to other zip codes in the Twin Cities metro area. The average home value in the Twin Cities metro area is $92,500 and the average home equity is $86,700.

There are several factors that may contribute to the high median home values and median home equity in the 56284 zip code of Renville. First, there are fewer homes for sale in this zip code than in other parts of the Twin Cities metro area. This may lead to higher demand and prices for homes in this zip code. Second, many homeowners in this zip code have invested heavily in their homes over time by upgrading features such as roofs or windows. As a result, their homes are worth more than homes that have not been upgraded. Finally, homeownership rates in this zip code are high compared to rates across the Twin Cities metro area as a whole. This may lead to increased demand for housing stock and higher prices for properties within this zipcode