The story of this market
The typical home in ZIP 56120 sells for about $154,700, or $98 per square foot.
Prices are up +4.39% from a year ago, so sellers still have some momentum. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $685 a month.
ZIP 56120 — Butterfield
The housing market in ZIP 56120 is characterized by low inventory and steady, modest price growth consistent with rural Minnesota trends. Market activity remains limited due to the small population size and agricultural economic base, resulting in a stable but slow-moving environment.
This ZIP code is best suited for families and individuals seeking a quiet, rural lifestyle with a low cost of living, rather than commuters or investors looking for high-density urban amenities.
Median prices moved up 4.4% year over year.
Homes spend a median of 85 days on market with 6.2 months of supply — a balanced-paced market.
15% 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 7.6% · poverty 9.0% — 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 4.4%/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 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56120, Yellow Medicine 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.
Schools in the area are primarily served by the Canby Public School District, which provides rural educational services to the local community.
The region is primarily agricultural with standard rural risk profiles; flood and wind risks are managed through local county emergency management protocols.
Economic momentum is driven by the agricultural sector and local government services, with limited large-scale industrial development.
Property taxes are assessed at the county level by the Yellow Medicine County Assessor, with rates determined by local levies and school district requirements.
Residents typically commute by driving alone, with an average commute time of approximately 21 minutes to local employment hubs.
The area features access to local parks and outdoor recreational spaces typical of rural Minnesota, with limited commercial shopping districts.
The rental market is characterized by low inventory and stable demand, primarily serving local workers and families.
The economy is heavily reliant on agriculture and local government services, with major employers including the county and local school districts.
Transportation is primarily via personal vehicle on state and county highways; there is no significant public transit infrastructure.
Development is limited to small-scale residential and agricultural improvements.
The Yellow Medicine County Assessor manages property valuations for tax purposes.
Parcels are subject to local school district levies and county-wide administrative taxes.
Property insurance premiums are influenced by rural hazard profiles and regional weather patterns.
Data retrieved from US Census Bureau and Data USA 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.
Local community park providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.