The story of this market
The typical home in ZIP 56129 sells for about $165,000, or $115 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $625 a month.
ZIP 56129 — Ellsworth
The housing market in 56129 remains stable with low inventory and modest price growth consistent with rural Minnesota trends. Activity is driven by local demand rather than speculative investment, resulting in a slow but steady market pace.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including agricultural workers, retirees, and families looking for affordable housing away from urban centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 88 days on market with 6.5 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.7% · poverty 3.7% — 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 3.1%/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 3.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56129, Nobles and Rock Counties, 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.
The area is served by rural school districts with limited data; school quality is generally characterized by small class sizes and community-focused instruction.
The region faces standard Midwestern climate risks, including severe thunderstorms and occasional winter weather impacts; flood risk is localized to specific low-lying areas near regional creeks.
Economic momentum is driven primarily by the agricultural sector and regional agribusiness, with limited large-scale industrial development.
Property taxes are assessed at the county level based on market value; the area is subject to standard Minnesota state property tax levies and local school district referendums.
Commutes are primarily car-dependent, with residents traveling to nearby regional hubs like Worthington or Luverne for employment.
Recreation is centered on outdoor activities, including local parks, small community lakes, and access to regional hunting and fishing grounds.
The rental market is characterized by low inventory and limited turnover, primarily serving local workers and long-term residents.
The economy is heavily reliant on agriculture, livestock production, and small-scale local services.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure available.
No major commercial or residential developments are currently reported for this rural ZIP code.
Assessments are conducted by the county assessor's office based on annual market value analysis.
Parcels are subject to local school district taxes and county-level administrative levies.
Property insurance premiums are stable but reflect the regional risk of wind and hail damage common in southwestern Minnesota.
Minnesota is a judicial foreclosure state with specific statutory redemption periods.
Sellers are required to provide a written disclosure statement regarding the condition of the property.
Data retrieved from data.census.gov ZCTA 56129 profile.
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.
Local outdoor space for community recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.