The story of this market
The typical home in ZIP 56178 sells for about $120,753, or $67 per square foot.
Prices are up +109.1% from a year ago, so sellers still have some momentum. Homes take about 105 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $750 a month.
ZIP 56178 — Tyler
The housing market in 56178 is characterized by low inventory and high affordability relative to national benchmarks. Recent data indicates a stable market with modest sales activity and a significant increase in home values over the last decade. The area remains a quiet, rural-focused community with limited new development.
This ZIP code is best suited for local families and individuals seeking an affordable, small-town lifestyle with a lower cost of living compared to national averages.
Median prices moved up 109.1% year over year.
Homes spend a median of 105 days on market with 0.2 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 7.2% — 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 5.8%/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 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 56178, Lincoln County MN
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 mean travel time to work for residents is approximately 22.8 minutes.
The area features local parks and community spaces within the city of Tyler, serving as the primary recreational hub for the ZIP code.
The rental market is characterized by limited inventory with a median gross rent of $750, though HUD fair market rent estimates for two-bedroom units are higher at $1,080.
The local economy is primarily driven by agriculture and small-town services, with income levels generally aligning with regional micro-area trends.
Data retrieved from Census Bureau ACS 2023 profiles for ZCTA 56178.
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. Source: NCES EDGE public school locations 2023-24.
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.