The story of this market
The typical home in ZIP 56131 sells for about $186,684, or $109 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $831 a month.
ZIP 56131 — Fulda
The housing market in 56131 is characterized by low inventory and steady, modest price appreciation. Demand remains consistent with local population levels, and the market is driven by affordability rather than speculative investment.
This ZIP is well-suited for families and individuals seeking an affordable, quiet, small-town lifestyle with a low cost of living.
Median prices moved up 2.1% year over year.
Homes spend a median of 84 days on market with 4.2 months of supply — a balanced-paced market.
15% 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 2.8% · poverty 7.0% — 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 5.5%/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 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56131, 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 Fulda are generally low and consistent with rural southwestern Minnesota trends, remaining significantly below national averages.
The area is served by the Murray County Central School District, which provides standard public education services for the local community.
The region faces moderate risks related to severe weather, including wind and occasional flooding, with standard insurance coverage typically available.
Economic momentum is driven by local agriculture and small-scale manufacturing, with limited large-scale industrial development currently reported.
Property taxes are assessed at the county level by Murray County, with rates determined by local school district and municipal levies.
Commutes are primarily car-dependent, with residents typically traveling to nearby regional hubs like Worthington or Marshall for employment.
The area features local parks and proximity to regional lakes, offering opportunities for fishing, boating, and outdoor recreation.
The rental market is characterized by low inventory and stable demand, primarily serving local workers and small families.
The local economy is anchored by agricultural production and regional service industries.
Transportation is primarily via state highways, with no major public transit infrastructure serving the area.
No major large-scale commercial or residential developments are currently reported for this ZIP.
Murray County Assessor manages property valuations based on annual market analysis and state guidelines.
Parcels are subject to Murray County Central School District levies and local municipal utility assessments.
Property insurance remains available, though premiums are influenced by regional weather-related risk factors.
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.
- End-O-Line Railroad Park and Museum4.617.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local community park providing green space and recreational facilities.
Local water body used for fishing and seasonal recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.