The story of this market
The typical home in ZIP 55922 sells for about $160,391, or $88 per square foot.
Homes take about 91 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,010 a month.
ZIP 55922 — Canton
The housing market in 55922 is characterized by very low inventory and a slow pace of sales, reflecting its rural nature. Prices remain among the most affordable in Fillmore County, with a median sale price of $160,391. Market activity is limited, with only 16 homes sold over the last 12 months.
This ZIP is best suited for budget-conscious buyers or those seeking a rural lifestyle, as it features the lowest median home values and household incomes in Fillmore County.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 91 days on market with 0.5 months of supply — a fast-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) · unemployment 4.5% · poverty 9.2% — 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 8.4%/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 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55922, Fillmore County MN
The area is characterized by a rural economy with limited large-scale industrial development or major infrastructure projects.
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 area offers access to rural outdoor recreation typical of Fillmore County, with limited local shopping and dining options.
The rental market is limited, with a two-bedroom fair market rent benchmarked at $1,010 per month.
The local economy is primarily driven by agriculture and small-scale local services.
Parcels are subject to standard county and school district property tax levies.
Data retrieved from US Census Bureau and Fillmore County housing profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.