The story of this market
The typical home in ZIP 56111 sells for about $104,800, or $105 per square foot.
Prices are down 26.9% from a year ago, which gives buyers more room to negotiate. Homes take about 129 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,268 a month.
ZIP 56111 — Alpha
The housing market in 56111 is characterized by low inventory and stable, modest home values. The area is a small, aging, and highly owner-occupied community with limited new construction activity. Market conditions remain steady with little volatility, driven by the rural nature of the local economy.
This ZIP is best suited for established homeowners and those seeking a quiet, rural lifestyle in a small, older community with high owner-occupancy rates.
Median prices moved down 26.9% year over year.
Homes spend a median of 129 days on market with 10.0 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.8% · poverty 7.3% — 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 2.4%/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 1.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56111, Jackson County MN
The area is served by local public school districts in Jackson County, with educational attainment levels for adults 25+ showing 35.1% holding a bachelor's degree or higher.
The area is characterized by low-density rural development with minimal new residential permit activity, primarily focused on single-family construction.
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 typically rely on personal vehicles for commuting, with a mean commute time of approximately 22.2 minutes.
The area offers access to rural outdoor recreation typical of southwestern Minnesota, with limited local shopping and dining options within the immediate vicinity.
The rental market is limited in depth, with a median rent of $1,268 and a vacancy rate of approximately 14.6%.
The local economy is primarily agricultural and small-business oriented, with limited major corporate employers within the ZIP code.
Transportation is entirely dependent on regional highway corridors; there is no public transit infrastructure.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The Jackson County Assessor manages property valuations for tax purposes.
Parcels are subject to standard county and school district property tax levies.
Property insurance premiums are influenced by regional weather patterns and rural fire protection service levels.
Data retrieved from US Census Bureau ACS 2024 via Data Commons and SimpleMaps.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Provides regional outdoor recreation and green space access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.