The story of this market
The typical home in ZIP 56246 sells for about $189,999, or $142 per square foot.
Homes take about 72 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 56246
The housing market in the 56241 ZIP code remains stable with limited inventory and modest price growth. Demand is driven by local residents, resulting in a balanced market environment with few price fluctuations.
This area is best suited for families and individuals seeking a quiet, affordable small-town lifestyle with access to regional outdoor recreation.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 72 days on market with 0.0 months of supply — a balanced-paced market.
0% 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 4.5% · poverty 11.0% — 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 5.2%/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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56241, Yellow Medicine County, MN
The area is served by the Yellow Medicine East School District, which provides public education for the local community.
The region is subject to standard Midwestern climate risks, including severe thunderstorms and winter weather, with flood risks primarily associated with the Minnesota River valley.
Economic momentum is driven by local government, agriculture, and small-scale manufacturing, with the city serving as a regional hub for Yellow Medicine County.
Property taxes are determined by the Yellow Medicine County assessor based on market value, with rates influenced by local school district and municipal levies.
Commutes are primarily local or to nearby regional centers via US Highway 212 and Minnesota State Highway 23.
The area features access to the Minnesota River, Memorial Park, and various local trails, with basic shopping and dining located in the downtown Granite Falls district.
The rental market is characterized by limited inventory and stable demand, primarily serving local workers and families.
The economy is anchored by agriculture, local government, and healthcare services within the county seat.
Transportation is primarily automobile-dependent, with major access via US Highway 212.
Development is focused on small-scale residential and commercial improvements within the city limits.
The Yellow Medicine County Assessor manages property valuations for tax purposes.
Parcels are subject to Yellow Medicine East School District and county-level utility and administrative districts.
Property insurance premiums are generally stable, reflecting the low-density rural risk profile.
Minnesota is a judicial foreclosure state with specific redemption periods for homeowners.
Minnesota law requires sellers to provide a written disclosure statement regarding the condition of the property.
Data retrieved from data.census.gov for ZCTA 56241.
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.
Features river access and recreational facilities.
Provides fishing and scenic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.