The story of this market
The typical home in ZIP 56082 sells for about $300,750, or $161 per square foot.
Prices are up +5.34% from a year ago, so sellers still have some momentum. Homes take about 30 days to sell.
ZIP 56082 — St. Peter
The St. Peter housing market shows a median sold price of approximately $300,750 with moderate inventory levels. Market activity is stable, supported by the local presence of Gustavus Adolphus College and proximity to Mankato. Specific figures for rent, tax rates, and detailed demographic breakdowns were not available at the ZIP level in the provided sources.
This ZIP is well-suited for families, college-affiliated individuals, and those seeking a small-town atmosphere with proximity to the larger Mankato employment hub.
Median prices moved up 5.3% year over year.
Homes spend a median of 30 days on market with 0.0 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) — a stable, low-distress profile.
ZCTA 56082
The area is served by the St. Peter Public School District, which is generally regarded as providing stable educational opportunities for the community.
The local economy is anchored by Gustavus Adolphus College and regional agricultural and manufacturing sectors, with modest residential development activity.
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 commute to nearby Mankato for employment, with most travel conducted via personal vehicle on regional highway corridors.
The area features the St. Peter Arts Center, a public library, community center, and various local parks and trails that serve the immediate community.
The rental market is influenced by the presence of Gustavus Adolphus College, creating consistent demand for housing near the campus.
The economy is driven by higher education, healthcare, and regional manufacturing, with Gustavus Adolphus College being a primary employer.
Transportation is primarily highway-based, with regional routes connecting St. Peter to the Mankato metropolitan area.
Development is characterized by modest residential infill and multi-family projects, with recent activity showing a focus on multi-family units.
The area is served by the St. Peter Public School District.
Data retrieved from U.S. 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. Source: NCES EDGE public school locations 2023-24.
A private liberal arts college that serves as a major cultural and economic anchor for the city.
A local hub for arts and community programming.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.