The story of this market
The typical home in ZIP 56287 sells for about $145,000, or $98 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 56287 — Seaforth
The housing market in 56287 is characterized by very low inventory and minimal transaction volume, typical of a stable rural agricultural community. Prices remain modest and have seen steady, incremental growth over the last decade. Market conditions are driven by local demand rather than speculative investment.
This ZIP is best suited for local agricultural workers, retirees, or those seeking a quiet, low-cost rural lifestyle away from urban centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 112 days on market with 6.0 months of supply — a slower-moving market.
8% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.0% · poverty 2.0% — 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 2.6%/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 2.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56287, Redwood 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 rural independent school districts with limited public reporting data available.
The region is primarily agricultural with standard Midwestern weather risks; flood and wildfire risks are generally low but localized.
The local economy is heavily anchored in agriculture and small-scale regional commerce with minimal new large-scale industrial development.
Property taxes are assessed at the county level based on market value; the area lacks significant special district (MUD/PID) overlays common in urban centers.
Residents typically rely on personal vehicles for long-distance commutes to regional employment hubs like Marshall or Redwood Falls.
Recreation is centered on outdoor activities including local parks, hunting, and fishing in the surrounding rural landscape.
The rental market is extremely thin with very low turnover and limited multi-family inventory.
The economy is primarily driven by the agricultural sector, including crop production and local agribusiness support services.
No major commercial or residential developments are currently reported for this rural ZIP code.
Parcels are primarily subject to county and local school district levies.
Standard rural property insurance applies; premiums are generally stable but sensitive to regional storm activity.
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.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.