The story of this market
The typical home in ZIP 56271 sells for about $206,600, or $87 per square foot.
Homes take about 139 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,053 a month.
ZIP 56271 — Nassau
The housing market in 56271 is characterized by low inventory and stable, modest price growth consistent with rural Minnesota trends. Demand is driven by local residents, with limited turnover and a lack of new large-scale development. The market remains quiet with minimal price volatility.
This ZIP is best suited for families and individuals seeking an affordable, quiet, rural lifestyle with a low cost of living.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 139 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 17.7% — 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 5.7%/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 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56271, Swift 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 the Kerkhoven-Murdock-Sunburg School District, which provides primary education locally through Murdock Elementary.
The local economy is primarily driven by agricultural and small-town service sectors with limited large-scale industrial development.
Property taxes are assessed at the county level based on local mill rates; specific exemptions for agricultural land and homesteads apply under Minnesota state law.
Residents typically rely on personal vehicles for commuting to regional employment hubs in Swift County and surrounding areas.
The area features small-town community parks and access to rural outdoor recreation typical of the Minnesota prairie landscape.
The rental market is limited, primarily consisting of single-family homes with rents generally ranging between $750 and $999 per month.
The economy is heavily influenced by the agricultural sector and local small businesses within Swift County.
Transportation is primarily highway-based with no significant public transit infrastructure.
No major large-scale commercial or residential developments are currently reported for this ZIP.
Swift County Assessor manages property valuations based on annual market analysis and state guidelines.
Parcels are subject to school district levies and county-wide special service districts.
Standard rural property insurance coverage applies; hazard exposure is primarily related to severe weather events.
Minnesota operates as a 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.
Local community green space serving the residents of Murdock.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.