The story of this market
The typical home in ZIP 56144 sells for about $325,000, or $76 per square foot.
Prices are up +1.36% from a year ago, so sellers still have some momentum. Homes take about 91 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $875 a month.
ZIP 56144 — Jasper
The housing market in 56144 is characterized by low inventory and very affordable home values compared to national benchmarks. Sales activity is minimal, and the market remains stable with little new construction or significant price volatility. Data for specific metrics like months of supply and tax history are not available at the ZIP level.
This ZIP is best suited for budget-conscious buyers or those seeking a quiet, rural lifestyle, as it offers significantly lower home prices compared to the national average and surrounding areas.
Median prices moved up 1.4% year over year.
Homes spend a median of 91 days on market with 0.0 months of supply — a slower-moving 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 4.0% · poverty 16.0% — 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 3.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 56144
The area is a small rural community with limited new residential development; no major corporate or infrastructure projects are currently reported.
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.
The area offers access to local rural parks and small-town amenities, with larger shopping and entertainment options located in the nearby Sioux Falls metro area.
The rental market is limited, with 3+ bedroom homes typically renting between $750 and $999 per month.
The local economy is primarily rural and agricultural, with residents often commuting to larger regional hubs like Sioux Falls for employment.
Parcels are subject to overlapping levies from the city, county, and local school districts.
Data retrieved from Census Bureau ACS 5-year estimates via ZIP-Codes.com and IncomeByZipCode.com.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.