The story of this market
The typical home in ZIP 55965 sells for about $269,900, or $152 per square foot.
Prices are roughly flat from a year ago (+0.1369%), a market in balance. Homes take about 105 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $756 a month.
ZIP 55965 — Preston
The housing market in 55965 remains stable with low inventory and modest price growth. Market activity is driven by local demand for single-family homes, though sales volume is limited due to the rural nature of the area. Figures for active listings and days on market reflect a tight supply environment.
This ZIP is well-suited for families and individuals seeking a quiet, small-town lifestyle with access to outdoor recreation and a lower cost of living compared to larger metro areas.
Median prices moved up 0.1% year over year.
Homes spend a median of 105 days on market with 11.0 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.4% · poverty 12.5% — 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 6.2%/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 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55965, Fillmore 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.
The area is served by the Fillmore Central School District, which provides public education for the Preston community.
Preston serves as the Fillmore County seat with a stable local economy anchored by government services and regional agriculture.
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.
Residents typically rely on personal vehicles for commuting, with regional access provided by state highways connecting to larger employment hubs like Rochester.
The area features significant outdoor amenities including the Root River State Trail, local parks, and proximity to trout fishing streams.
The rental market is characterized by limited inventory and low vacancy rates, with rents remaining significantly below national medians.
The local economy is driven by government administration as the county seat, agriculture, and tourism related to outdoor recreation.
Transportation is primarily highway-based with limited public transit options available in this rural setting.
Fillmore County Assessor manages property valuations for tax purposes.
Parcels are subject to Fillmore County, City of Preston, and Fillmore Central School District levies.
Data retrieved from US Census Bureau and SimpleMaps ZCTA 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. Source: NCES EDGE public school locations 2023-24.
- Niagara Cave4.89.2 mi
- Mystery Cave State Park4.79.6 mi
- Amish Tours of Harmony4.68 mi
- B&B Olympic Bowl4.53.4 mi
- Jem Movie Theater4.98.1 mi
- Mystery Cave State Park4.79.6 mi
- Sylvan Park Campgrounds4.69.4 mi
- Old Barn Resort4.56.9 mi
- Rochester International Airport4.226.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major regional paved trail system for biking and hiking.
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.