The story of this market
The typical home in ZIP 55056 sells for about $394,000, or $160 per square foot.
Prices are up +23.79% from a year ago, so sellers still have some momentum. Homes take about 74 days to sell, which is slow.
ZIP 55056 — North Branch
The Pine Island housing market shows strong appreciation with a 23.79% year-over-year increase in median listing prices. Demand remains resilient, though the market is characterized by limited inventory and a steady pace of sales. Rental data is currently unavailable for this specific ZIP code.
This area is well-suited for family buyers and commuters seeking a small-town environment with access to the Rochester metropolitan area.
Median prices moved up 23.8% year over year.
Homes spend a median of 74 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 4.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 55963, Goodhue and Olmsted Counties, MN
Pine Island is experiencing steady growth with a 0.64% annual population increase and ongoing interest in residential development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Residents primarily commute toward the Rochester employment core via US-52.
The area features local parks and proximity to the Zumbro River, with basic shopping and dining available in the downtown district.
Rental market data is not currently available for this ZIP code.
The local economy is supported by a mix of small businesses and proximity to the Rochester-Austin-Winona labor market.
The area is served by US Highway 52, providing a primary corridor for regional transit and commuting.
Parcels are subject to overlapping levies from the municipality, Goodhue/Olmsted counties, and local school districts.
foreclosure_note
Data retrieved from US Census Bureau and local municipal records.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Provides local recreational opportunities including fishing and paddling.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.