The story of this market
The typical home in ZIP 56155 sells for about $220,000, or $91 per square foot.
Prices are up +13.8% from a year ago, so sellers still have some momentum. Homes take about 81 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $775 a month.
ZIP 56155 — Lismore
The housing market in ZIP 56155 (Lismore, MN) is characterized by very low inventory and a stable, albeit slow, pace of sales. The median sale price stands at $220,000 with a price per square foot of $91, reflecting a rural market. Limited data availability for this small ZIP code means broader county-level trends often serve as proxies, indicating a buyer-friendly environment with a median of 81 days on market. The median household income is $59,375, and the population is 397, with a high owner-occupancy rate.
Fits individuals seeking affordable, rural single-family living; limited suitability for commuters to major metros or investors seeking high-yield rental turnover.
Median prices moved up 13.8% year over year.
Homes spend a median of 81 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 0.0% · poverty 13.6% — 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 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56155, Nobles 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; specific localized crime reporting is not published for this ZIP.
Schools are served by regional districts; specific quality ratings for the immediate Lismore area are not publicly indexed.
The area has a moderate risk of wildfire; specific flood-plain status requires individual property-parcel checks.
Economy is largely driven by agricultural and regional industry; no major corporate HQs or large-scale infrastructure projects are currently under construction within the ZIP.
Property taxes are levied by Nobles County; specific rates are determined by the local school district, county, and municipal levy structures.
Primarily a drive-to-work profile with an average commute time of 17.9 minutes.
Limited local recreation; rural setting with access to regional parks and outdoor activities in Nobles County.
Very limited rental market depth; vacancy pressures are high due to rural demographics.
Rural agricultural base; limited commercial employers within the ZIP boundaries.
No major development pipeline or active large-scale rezoning noted.
Standard rural utility and school district attachments; no special MUDs/PIDs reported.
Rural property insurance rates generally track with Minnesota statewide trends for wind/hail coverage.
Data sourced from U.S. Census Bureau, American Community Survey (ACS) 2018-2022 5-year estimates. Some figures may be suppressed or marked as 0 due to small sample sizes or data limitations for this ZCTA.
Basic services and local gathering spots.
Reflects local heritage and community focus.
Serve as hubs for social and religious activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.