The story of this market
The typical home in ZIP 56113 sells for about $165,000, or $112 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 56113 — Arco
The housing market in 56113 remains stable with low inventory and modest price growth consistent with rural Minnesota trends. Demand is driven by local residents and those seeking affordable housing, though limited supply keeps sales volume low. The market is currently balanced, reflecting the steady, slow-growth nature of the local economy.
This ZIP is best suited for families and individuals seeking a quiet, affordable rural lifestyle who are comfortable with longer commutes to regional employment centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 48 days on market with 3.5 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 4.8% — 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 4.1%/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 3.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 56113, Big Stone 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 this rural Minnesota area remain significantly lower than the national average, with property crime being the primary concern.
Schools serving this area are generally rated as average, with a focus on small class sizes and community-integrated extracurricular programs.
The area faces moderate risk from severe thunderstorms and winter weather, with standard flood insurance recommended for properties near the Minnesota River basin.
Economic momentum is driven by local agricultural processing and small-scale manufacturing, with limited new large-scale infrastructure development.
Property taxes are assessed at the county level based on market value, with homestead exemptions available for primary residences to reduce the effective tax burden.
Commutes are primarily car-dependent, with residents typically driving 20-40 minutes to reach larger employment hubs in nearby regional centers.
Local recreation centers on small community parks, nearby river access for fishing, and seasonal community events, with limited large-scale shopping within a 3-mile radius.
The rental market is characterized by low turnover and limited inventory, with most units being single-family homes or small multi-family conversions.
The economy is heavily reliant on agriculture, local government services, and small-scale retail, with limited industrial diversification.
Transportation is almost exclusively via private vehicle, with no public transit infrastructure serving the area.
Development is focused on maintaining existing housing stock rather than large-scale new construction projects.
The county assessor conducts periodic property valuations to ensure tax equity across the jurisdiction.
Parcels are subject to local school district taxes and county-level administrative levies.
Property insurance premiums are stable but reflect the regional risk of severe weather events common to the Upper Midwest.
Net domestic migration is generally flat, with a slight trend toward older residents remaining in the area.
Minnesota operates as a non-judicial foreclosure state with specific notice and redemption periods for homeowners.
Sellers are required to provide a comprehensive disclosure statement regarding the physical condition of the property.
Data retrieved from data.census.gov using ZCTA 56113 profile.
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.
Provides extensive outdoor recreation including boating, fishing, and hiking trails.
A local 9-hole course serving the community and surrounding areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.