The story of this market
The typical home in ZIP 56371 sells for about $188,263, or $108 per square foot.
Homes take about 93 days to sell, which is slow.
ZIP 56371
The housing market in 56371 is extremely limited, with very low inventory and minimal sales activity. Data for many metrics, including rent and specific tax rates, is not published at the ZIP level. The area is characterized by a small, rural population and limited economic development.
This ZIP code is a very small, rural area primarily suited for those seeking quiet, low-density living in a remote setting.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 93 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) · poverty 27.1% — a mixed stability profile.
ZCTA 56371
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
The local economy is primarily rural and agricultural, with limited major industrial presence within the ZIP code itself.
Data retrieved from ACS 5-Year Estimates via MyTownView.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.