The story of this market
The typical home in ZIP 56138 sells for about $223,400, or $112 per square foot.
Prices are up +5.7% from a year ago, so sellers still have some momentum. Homes take about 66 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $962 a month.
ZIP 56138 — Hills
ZIP 56138 is a rural, owner-occupied market characterized by limited inventory and low transaction volume. The market is balanced; homes typically sell near the asking price. Growth is slow, and the area functions primarily as a stable residential hub for those seeking affordable, small-town living.
Fits families and downsizers looking for low-cost, quiet rural housing and community stability.
Median prices moved up 5.7% year over year.
Homes spend a median of 66 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.9% · poverty 8.3% — 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 7.1%/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 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56138, Rock 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 specifically reported for this ZIP; the area is a low-density rural community generally considered to have low crime trends relative to urban regional centers.
The area is served primarily by the Hills-Beaver Creek school district, which maintains positive local ratings.
FEMA National Risk Index for Rock County is very low, with hail and winter weather representing the primary natural hazards.
Growth is constrained by rural geography; development momentum is minimal with no major infrastructure or corporate headquarters projects currently reported within the ZIP.
Property taxation is managed by Rock County. The structure relies on local millage rates applied to assessed values; Minnesota provides a Homestead Market Value Exclusion for primary residences.
The area is rural; most workers commute approximately 27.5 minutes, typically by driving alone.
Local amenities include small-town parks and proximity to regional natural areas in southwest Minnesota.
Rental market depth is shallow with limited apartment inventory; vacancy pressure is low due to the small housing stock.
Local economy is driven by agriculture and small-town services, with residents often commuting to nearby regional hubs for professional employment.
No major development pipeline or large-scale residential projects reported.
Rock County taxing jurisdictions and local school district levies apply to parcels in this area.
Property insurance remains standard for a rural, low-hazard region, though rates are sensitive to regional weather risk.
Data retrieved from data.census.gov ZCTA 56138 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 community park space.
Local school sports facilities serving the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.