Homes For Sale & Real Estate in 55020

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United StatesMinnesotaElko55020

55020 Real Estate Insights

ZIP code 55020 is located in Elko, Minnesota.

A high percentage of homes in ZIP code 55020 are owned by their occupants who have found the area ideal for settling down, giving the area a sense of a steadfast community. This locale is a friendly community filled with families with children, so if you have kids of your own or are thinking of starting a family, you'll fit right in. Regarding wealth, people living in this location tend to have a higher income.

Buyers looking to move to ZIP code 55020 can be optimistic in rising home values. The price appreciation last year rose 18.9 percent, from $460,626 to $547,625, allowing homeowners to benefit from a favorable, climbing market. The market grew more competitive during the same time frame, with inventory prominently dropping 36.4 percent from 22 to 14 homes on the market. In this locale quite a few houses are built in a rambler style, so you can be sure that they are spaced out nicely. Homes in this location more often than not have family rooms which permit your family to unwind and give the children a spot to play. Add panache and sophistication to your next dinner party and dazzle your guests with a granite kitchen, as featured in quite a few homes in this place.