The story of this market
The typical home in ZIP 56035 sells for about $249,000, or $96 per square foot.
Homes take about 56 days to sell. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 56035
The housing market in 56035 is a low-volume, rural market characterized by high homeownership rates and modest price points. Current data shows limited inventory and stable pricing, reflecting a quiet, steady demand typical of small-town Minnesota. Figures for specific metrics like price cuts and tax history are not published at the ZIP level.
This ZIP code is best suited for buyers seeking a quiet, rural, working-class lifestyle in a small-town setting, particularly those who prioritize homeownership and affordability over proximity to major urban employment centers.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 56 days on market with 0.2 months of supply — a fast-moving 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 3.5% · poverty 8.0% — 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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 56035, Minnesota
The area is served by the NRHEG (New Richland-Hartland-Ellendale-Geneva) School District, which provides public education for the local community.
The area is a small, rural community with limited large-scale industrial or corporate development momentum.
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 to nearby regional employment hubs in Freeborn County.
The area features small-town amenities with access to local parks and rural outdoor recreation typical of southern Minnesota.
The rental market is limited in depth, primarily consisting of single-family residential units with low turnover.
The local economy is primarily driven by agriculture and small-scale local services within the broader Freeborn County economic region.
Parcels are subject to the NRHEG School District and standard county-level utility and administrative districts.
Data retrieved from census.gov and ZCTA-level tabulations.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Local water feature providing recreational opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.