The story of this market
The typical home in ZIP 56127 sells for about $165,000, or $61 per square foot.
Prices are up +170.3% from a year ago, so sellers still have some momentum. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 56127 — Dunnell
The housing market in 56127 is extremely thin, with very few properties trading. The large, reported swings in median price and year-over-year growth are statistical artifacts of low-volume, idiosyncratic sales rather than broad market appreciation. The area remains a low-cost, rural environment suitable for those seeking affordability rather than investment liquidity.
This ZIP fits buyers seeking low-cost, rural living; it is not suitable for those requiring high investment liquidity or proximity to major urban employment centers.
Median prices moved up 170.3% year over year.
Homes spend a median of 37 days on market with 0.0 months of supply — a fast-moving 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 24.8% · poverty 4.9% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 56127, Martin County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Not determinable; local police presence is limited to one law enforcement location in the municipality.
Schooling is primarily served by regional districts; specific quality characterizations for local facilities are not published.
Moderate risk of wildfire; approximately 16% of properties in the ZIP are estimated to have some risk of wildfire impact over the next 30 years.
The area lacks major corporate headquarters or large-scale infrastructure projects; development momentum is stagnant due to the rural, low-density nature of the geography.
Taxes are governed by Martin County assessments. Property tax is calculated based on market value, though specific local millage rates or district-specific formulas for this ZIP are not centralized.
Residents rely on private vehicles; commute times to regional employment hubs are extended due to rural infrastructure.
Area provides rural prairie landscapes; local amenities are sparse, with access to outdoor recreation typical of southwestern Minnesota.
The local economy is primarily rural and agricultural, lacking major corporate employers or diverse industrial sectors.
Data retrieved from data.census.gov for ZCTA 56127.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.