The story of this market
The typical home in ZIP 56265 sells for about $170,000, or $90 per square foot.
Prices are down 21.8% from a year ago, which gives buyers more room to negotiate. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $851 a month.
ZIP 56265 — Montevideo
The Montevideo housing market is currently experiencing a contraction in both pricing and activity, with median sale prices down significantly year-over-year. Low inventory levels and a slow sales pace suggest a cautious environment for both buyers and sellers in this rural market.
This ZIP is best suited for families and individuals seeking an affordable, small-town lifestyle with proximity to local agricultural and service-sector employment.
Median prices moved down 21.8% year over year.
Homes spend a median of 68 days on market with 1.0 months of supply — a fast-moving market.
5% of listings have cut prices · homes sell at 95.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.4% · poverty 15.4% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 56265, Chippewa 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 Montevideo Public Schools, which generally maintains a stable reputation within the rural Minnesota context.
The region faces standard Midwestern climate risks, including seasonal severe storms and winter weather, with flood risks primarily localized near the Minnesota River.
Economic momentum is driven by local agricultural support, healthcare services, and small-scale manufacturing, with limited large-scale industrial development.
Property taxes are assessed at the county level based on market value, with rates influenced by local school district levies and municipal service requirements.
The area is rural, with most residents commuting locally within Chippewa County; transit options are limited, necessitating personal vehicle use.
Residents have access to local parks, the Minnesota River for outdoor activities, and basic retail and dining options located within the city of Montevideo.
The rental market is characterized by low inventory and steady demand from local workers, with limited new multi-family construction.
The economy is anchored by agriculture, healthcare, and local government services, typical of the Upper Minnesota River Valley.
Transportation is primarily highway-based, with US Highway 212 serving as the main corridor for regional connectivity.
Development is currently focused on small-scale residential infill and maintenance of existing municipal infrastructure.
The Chippewa County Assessor manages property valuations for tax purposes, following state-mandated assessment cycles.
Parcels are subject to local school district levies and county-wide administrative and emergency service districts.
Property insurance premiums are generally stable but reflect regional exposure to severe convective storms and winter-related property damage.
Data retrieved from data.census.gov ZCTA 56265 profile.
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 recreational opportunities including fishing and boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.