The story of this market
The typical home in ZIP 56110 sells for about $177,600, or $105 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 95 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 56110 — Adrian
The housing market in 56110 is characterized by low inventory and stable, modest price appreciation consistent with rural Minnesota trends. Market activity is limited by low turnover, with most residents being long-term homeowners. Current conditions reflect a balanced, slow-moving environment with minimal speculative pressure.
Median prices moved up 2.1% year over year.
Homes spend a median of 95 days on market with 4.2 months of supply — a balanced-paced market.
8% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.4% · poverty 7.3% — 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 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56110
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
ZCTA-level data derived from Census Bureau ACS 5-year estimates.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.