The story of this market
The typical home in ZIP 56289 sells for about $267,244, or $129 per square foot.
Homes take about 98 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $735 a month.
ZIP 56289
The housing market in 56289 is characterized by very low inventory and low transaction volume, typical of a rural area. Current data indicates a median home price of approximately $267,244 with a 3-month supply of inventory. Most figures for specific market trends like year-over-year price changes or detailed school ratings are not determinable at the ZIP level.
This ZIP is primarily suited for those seeking a rural, quiet lifestyle in southwest Minnesota, including long-term homeowners and those looking for lower-density living.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 98 days on market with 3.0 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) · poverty 6.4% — a stable, low-distress profile.
ZCTA 56289
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 30.9 minutes.
The rental market is characterized by limited inventory with a median gross rent of $735; HUD fair market rent for a two-bedroom unit in 2027 is $1,010.
The local economy is primarily rural and agricultural, with income levels slightly higher than the surrounding Willmar Micro Area.
Data retrieved from Census Reporter and AtlasBig profiles for ZCTA 56289.
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.