The story of this market
The typical home in ZIP 56253 sells for about $339,900, or $242 per square foot.
Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $843 a month.
ZIP 56253 — Lake Lillian
The housing market in 56253 is characterized by low inventory and slow turnover, typical of a small rural community. Prices have remained stable over the past year, with limited new construction activity and a reliance on existing housing stock.
This ZIP is best suited for local families and individuals seeking a quiet, rural lifestyle with affordable housing options compared to larger metro areas.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 120 days on market with 8.0 months of supply — a slower-moving market.
13% 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 5.3% · poverty 5.0% — 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 5.9%/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 56253, Kandiyohi 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 rural school districts with limited public data available; school quality is generally considered consistent with small-town Minnesota standards.
The region faces standard Midwestern climate risks including severe thunderstorms and winter weather; flood risk is localized to specific low-lying areas near regional lakes.
Economic momentum is driven by local agriculture and small-scale service industries with limited large-scale commercial development.
Property taxes are assessed at the county level in Kandiyohi County based on market value; specific mill rates vary by local school district and municipal levies.
Commutes are primarily car-dependent, with residents traveling to nearby regional hubs like Willmar for employment and services.
The area features access to local lakes for fishing and boating, with small community parks providing basic outdoor amenities.
The rental market is limited in depth, consisting primarily of single-family home conversions with low turnover and minimal institutional investor presence.
The local economy is heavily anchored by the agricultural sector, with support services and small businesses serving the surrounding rural community.
Transportation is exclusively via regional highway networks; there is no public transit infrastructure.
No major commercial or residential developments are currently reported for this rural ZIP code.
Kandiyohi County Assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to local school district levies and county-wide tax assessments for public services.
Property insurance premiums are influenced by rural fire protection ratings and regional weather-related risk profiles.
Minnesota operates primarily as a non-judicial foreclosure state with specific statutory redemption periods.
Minnesota law requires sellers to provide a written disclosure statement regarding the condition of the property.
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.
Primary local water feature providing recreational fishing and boating access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.