The story of this market
The typical home in ZIP 56041 sells for about $330,000, or $169 per square foot.
Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 56041 — Hanska
The 56041 housing market remains stable with limited inventory and steady pricing. While accessible, the market requires careful diligence due to the small number of active listings and the specific nature of rural property investments.
This ZIP is best suited for family buyers and those seeking a quiet, small-town lifestyle with access to lake recreation and affordable housing compared to larger metro areas.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 57 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.9% · poverty 5.9% — 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 8.0%/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 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56041, Minnesota
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Local schools are generally characterized by small-town district settings with limited comparative data available.
The area is subject to standard Midwestern climate risks including severe storms and seasonal flooding near local lakes.
Economic momentum is driven by local agricultural support and small-scale service industries with limited large-scale corporate development.
Property taxes are assessed at the county level in Waseca County, with rates determined by local school district and municipal levies.
Commutes are primarily car-dependent, with residents traveling to regional employment hubs in Waseca or Mankato.
The area features access to local lakes such as Lake Elysian, providing opportunities for fishing, boating, and outdoor recreation.
The rental market is characterized by low inventory and steady demand from local workers, with limited short-term rental saturation.
The local economy is anchored by agricultural production and small-scale manufacturing, with significant employment ties to the broader Waseca County region.
Transportation is primarily served by regional highway corridors with no significant public transit infrastructure.
Development is currently focused on small-scale residential infill and maintenance of existing infrastructure.
Waseca County utilizes a standard market-value assessment process for property tax purposes.
Parcels are subject to local school district levies and county-wide special service districts.
Property insurance premiums are influenced by regional weather patterns and the prevalence of older housing stock.
Minnesota operates as a judicial foreclosure state with specific redemption periods for homeowners.
Sellers are required to provide a written disclosure statement regarding the condition of the property.
Data retrieved from Census Bureau ZCTA-level tables.
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.
A major local water body providing fishing and boating access.
A 1912 Carnegie library listed on the National Register of Historic Places.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.