The story of this market
The typical home in ZIP 56153 sells for about $116,491, or $65 per square foot.
Prices are roughly flat from a year ago (-0.0934%), a market in balance. Homes take about 89 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,000 a month.
ZIP 56153
The housing market in 56153 is extremely small with very low inventory and limited sales activity. Prices have shown significant volatility, and the market is currently characterized by low demand and stagnant growth.
This ZIP is best suited for budget-conscious buyers looking for rural, low-cost housing in a very small community setting.
Median prices moved down 0.1% year over year.
Homes spend a median of 89 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 3.0% · poverty 8.0% — 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 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56153, Nobles County MN
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 rental market is very limited with high vacancy rates reported in census data; most rentals are 3+ bedroom single-family homes.
The local economy is primarily rural and agricultural-based.
Data retrieved from Census ZCTA profiles and local demographic aggregators.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.