The story of this market
The typical home in ZIP 56273 sells for about $325,000, or $168 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $956 a month.
ZIP 56273 — New London
The housing market in 56273 remains stable with steady demand for residential properties, supported by the area's recreational appeal. Limited inventory continues to keep upward pressure on prices, though the pace of growth has moderated compared to previous years.
This ZIP is ideal for families and outdoor enthusiasts who value a small-town atmosphere with proximity to the recreational amenities of the lake region.
Median prices moved up 3.2% year over year.
Homes spend a median of 45 days on market with 3.5 months of supply — a fast-moving market.
8% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 4.9% — 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 6.5%/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 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 56273, 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.
Crime rates in the New London area are consistently low, reflecting the typical safety profile of rural Kandiyohi County communities compared to larger regional hubs.
The area is served by the New London-Spicer School District, which is generally well-regarded for its academic performance and community-focused extracurricular programs.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather, with localized flood risks near the Crow River and area lakes.
Economic momentum is driven by local agriculture, tourism related to the nearby lake chain, and proximity to the Willmar employment hub.
Property taxes are assessed at the county level in Kandiyohi County, with rates determined by local school district levies and municipal requirements.
Residents primarily commute by car, with a typical drive of 15-20 minutes to Willmar for major employment and services.
The area is a destination for outdoor recreation, featuring extensive access to the New London-Spicer lake chain, regional trails, and local parks.
The rental market is characterized by low vacancy rates and limited inventory, with demand driven by seasonal workers and local employees.
The economy is anchored by agriculture, manufacturing, and a growing tourism sector centered on the area's natural lake amenities.
Transportation is primarily highway-based, with MN-23 serving as the main corridor connecting the area to Willmar and St. Cloud.
Development is focused on small-scale residential infill and maintaining the historic character of the downtown area.
Parcels are subject to New London-Spicer ISD levies and Kandiyohi County property tax assessments.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in central Minnesota.
Data retrieved from data.census.gov for ZCTA 56273.
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.
A major regional destination for boating, fishing, and swimming.
A multi-use paved trail connecting New London to surrounding communities.
Historic district featuring local boutiques, cafes, and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.