The story of this market
The typical home in ZIP 55971 sells for about $255,755, or $171 per square foot.
Prices are down 13.3% from a year ago, which gives buyers more room to negotiate. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 55971 — Rushford
The Rushford 55971 housing market is currently balanced with a median sale price of $255,755. While prices have seen a year-over-year decline of 13.3%, the market remains stable with low inventory and consistent sales activity. The area is characterized by its rural nature and affordability, attracting buyers looking for single-family homes.
This ZIP code is well-suited for families and individuals seeking a quiet, rural lifestyle with affordable housing options compared to larger urban centers.
Median prices moved down 13.3% year over year.
Homes spend a median of 44 days on market with 0.6 months of supply — a fast-moving market.
17% of listings have cut prices · homes sell at 99.9% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 7.5% — 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 6.6%/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 2.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55971, Minnesota
The area is served by the Rushford-Peterson school district, which provides K-12 education with facilities located in Rushford.
The local economy is supported by a mix of small business and agricultural activity, with approximately 72 business establishments in the ZIP code.
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.
Rushford is a rural community where residents typically rely on personal vehicles for commuting to regional employment hubs.
The area features access to the Root River and local park facilities, offering outdoor recreation such as fishing, hiking, and biking.
The rental market is limited in depth, primarily serving local residents with modest vacancy pressure.
The economy is driven by small businesses, agriculture, and local services, with approximately 833 employees across 72 establishments.
Parcels are primarily served by the Rushford-Peterson school district.
Data retrieved from U.S. Census Bureau ACS 5-year estimates.
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.
Provides local fishing and recreational opportunities.
Centralized school campus serving the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.