The story of this market
The typical home in ZIP 56122 sells for about $165,000, or $115 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $747 a month.
ZIP 56122 — Chandler
The housing market in ZIP 56122 is characterized by low inventory and slow turnover, typical of a stable rural community. Prices have seen modest year-over-year growth, driven by limited supply rather than high demand. The market remains affordable compared to regional and national averages, with little speculative activity.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with a low cost of living, rather than investors or those requiring proximity to major urban employment centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 92 days on market with 6.0 months of supply — a balanced-paced market.
8% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 6.8% — 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 4.1%/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 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56122, Murray 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.
Crime rates in Chandler are generally low, consistent with the rural character of Murray County and significantly lower than national urban averages.
The area is served by local public school districts that maintain small class sizes and are generally well-regarded for their community-focused educational environment.
The region faces standard Midwestern climate risks, including severe thunderstorms and occasional winter weather impacts; flood risk is generally low outside of specific drainage areas.
Economic momentum is driven primarily by regional agriculture and small-scale local commerce, with limited large-scale industrial development.
Property taxes are assessed at the county level by Murray County, with rates determined by local school district and municipal levies; agricultural exemptions are common for surrounding land.
Commutes are primarily car-dependent, with residents typically traveling to nearby regional hubs for employment and services.
Local recreation centers on small community parks and proximity to rural outdoor activities, including hunting, fishing, and regional trail systems.
The rental market is limited in depth, consisting primarily of single-family homes with low turnover and stable, modest rent growth.
The local economy is heavily anchored by the agricultural sector, including crop production and livestock, which supports the majority of local employment.
Transportation infrastructure is limited to rural highway networks; there is no public transit system serving this area.
There are no major commercial or residential developments currently approved or under construction in this ZIP code.
The Murray County Assessor's office manages property valuations, focusing on agricultural land use and residential property assessments.
Parcels are subject to standard county and school district levies; no major MUD or PID districts are currently active in this area.
Property insurance premiums are generally stable, reflecting the low-density, low-hazard environment of rural Minnesota.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
Local community park providing green space and playground facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.