The story of this market
The typical home in ZIP 56352 sells for about $307,000, or $135 per square foot.
Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $1,100 a month.
ZIP 56352 — Melrose
The Melrose housing market is currently stable but faces headwinds due to limited inventory and higher delinquency risks for rental properties. Median home values remain near $307,000, with a slow sales pace and limited price growth. Investors should exercise caution as the market trails neighboring Stearns County submarkets in key performance indicators.
This ZIP is best suited for local families and long-term residents seeking a small-town lifestyle, as the market dynamics require tight underwriting for investors due to vacancy and delinquency risks.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 40 days on market with 3.0 months of supply — a fast-moving market.
0% 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 1.7% · poverty 6.6% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 56352, Stearns 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.
Local schools are generally characterized as serving a small-town community with standard regional performance metrics.
The area maintains a stable small-town economy with local agricultural and manufacturing anchors, though it lacks large-scale corporate development momentum.
Property taxes are assessed at the county level in Stearns County, with rates determined by local school district and municipal levies.
Commuting primarily involves personal vehicle travel via regional highways like I-94, providing access to larger employment hubs in the St. Cloud area.
The area features local parks and proximity to rural outdoor recreation, including lakes and trails typical of central Minnesota.
The rental market is characterized by moderate demand with higher turnover rates compared to neighboring postal codes, necessitating careful underwriting for investors.
The economy is driven by local agricultural operations and small-to-medium manufacturing businesses typical of the Stearns County region.
Transportation is heavily reliant on private vehicle use with I-94 serving as the primary corridor for regional connectivity.
There are no major large-scale commercial or residential developments currently reported for this ZIP code.
Stearns County utilizes a standard mass appraisal system for property tax assessments based on market value.
Parcels are subject to local school district levies and county-wide special service districts.
Property insurance premiums are influenced by regional weather patterns and standard risk assessments for central Minnesota.
Data sourced from World Population Review and US Census Bureau ZCTA profiles.
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.
Small community parks serving the Melrose residential area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.