The story of this market
The typical home in ZIP 55912 sells for about $249,000, or $145 per square foot.
Prices are up +35.04% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $951 a month.
ZIP 55912 — Austin
The 55912 housing market is experiencing significant price appreciation, driven by low inventory and steady demand. While prices have risen sharply year-over-year, the market remains relatively affordable compared to national averages, supporting continued activity among local buyers.
This area is well-suited for families and local workers seeking affordable housing and a stable, small-city lifestyle.
Median prices moved up 35.0% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 12.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55912, Mower County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Austin serves as a regional hub with a stable economic base anchored by food processing and manufacturing industries.
Property taxes are assessed at the county level in Mower County; specific rates vary by school district and municipal levies.
The area is primarily car-dependent with access to I-90 for regional travel.
The area features local parks, community centers, and proximity to outdoor recreation typical of southern Minnesota.
The rental market is characterized by steady demand and limited vacancy, with rents remaining relatively affordable compared to larger metro areas.
The economy is driven by food processing, manufacturing, and healthcare services.
Served by I-90; limited public transit options.
Ongoing municipal infrastructure maintenance and local commercial development.
Mower County Assessor manages property valuations for tax purposes.
Parcels are subject to Austin Public School District and Mower County levies.
Standard property insurance coverage is available; typical for the Midwest region.
Data retrieved from Census Bureau ZCTA profiles.
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.
Community resource center.
Central park area with recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.