The story of this market
The typical home in ZIP 56181 sells for about $145,000, or $105 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $900 a month.
ZIP 56181 — Welcome
The housing market in 56181 is characterized by low inventory and modest price growth, reflecting a stable, rural economy. Sales volume remains low, consistent with the small population size, while affordability remains a key feature for local residents.
This ZIP is best suited for local workers, retirees, and families seeking an affordable, quiet, rural lifestyle in southern Minnesota.
Median prices moved up 2.1% year over year.
Homes spend a median of 88 days on market with 4.0 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 15.0% — a mixed stability 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 4.8%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56181, Martin 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.
The area is served by local public schools in Martin County, which generally reflect the rural character of the region.
The region is subject to standard Midwestern weather risks, including severe thunderstorms and winter weather; flood risk is generally low but varies by proximity to local waterways.
Economic momentum is tied to the agricultural sector and small-town commerce in Martin County, with limited large-scale industrial development.
Property taxes are assessed at the county level in Martin County, Minnesota, based on market value; rates are subject to local school district and municipal levies.
Commutes are primarily car-dependent, with residents typically traveling to nearby regional hubs for employment.
Local recreation includes access to small community parks and proximity to rural outdoor spaces typical of southern Minnesota.
The rental market is characterized by low inventory and stable demand, primarily serving local workers and small households.
The economy is primarily driven by agriculture and local service industries within Martin County.
Transportation is almost exclusively via private vehicle, with no significant public transit infrastructure.
No major large-scale developments are currently reported for this rural ZIP code.
The Martin County Assessor manages property valuations for tax purposes.
Parcels are subject to local school district taxes and county-level levies.
Standard homeowners insurance is available, with premiums influenced by regional weather risk profiles.
Minnesota is a judicial foreclosure state with specific redemption periods.
Minnesota law requires sellers to provide a written disclosure of property conditions.
Data sourced from US Census Bureau and Data Commons.
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.
Provides local outdoor space and trail access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.