The story of this market
The typical home in ZIP 56156 sells for about $242,500, or $135 per square foot.
Prices are down 11.02% from a year ago, which gives buyers more room to negotiate. Homes take about 73 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $643 a month.
ZIP 56156 — Luverne
The Luverne market is currently experiencing a cooling phase with increased inventory and a slower sales pace. While prices have seen a year-over-year decline, the market remains stable, offering potential opportunities for buyers in a low-turnover environment.
Best suited for family buyers seeking a stable, quiet small-town environment and commuters who prioritize short, easy travel to local work centers.
Median prices moved down 11.0% year over year.
Homes spend a median of 73 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 10.9% — 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 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 56156, 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.
The area is generally characterized as having a stable, small-town environment with reported crime trends consistent with rural southwestern Minnesota averages.
The district serving the area is the Luverne Public School District, which is the primary public education provider; schools are generally regarded as meeting standard regional benchmarks.
The region is located in a prairie landscape with standard regional risks; property owners should consult local disclosures regarding wind and storm-related insurance coverage.
Development momentum is largely driven by local agricultural-industrial stability and small-scale community infrastructure investments in the Luverne city area.
Property taxes are administered by Rock County; rates are determined by local millage rates applied to property assessments, with specific exemptions available for homestead properties.
Residents benefit from exceptionally short commute times, with over 67% of the workforce having a one-way commute of less than 15 minutes.
Notable amenities include Blue Mounds State Park, the historic Palace Theatre, and various local parks within the city limits of Luverne.
The rental market has extremely limited inventory, with very few active listings appearing in public data sets, indicating high vacancy pressure or low turnover for traditional renters.
The economy is anchored by agriculture, regional healthcare services, and local retail/service businesses supporting the Rock County area.
Current planning focuses on maintaining existing infrastructure and supporting small-town growth within the city of Luverne.
Parcels are subject to Rock County tax jurisdiction and applicable municipal/school district levies.
Standard regional posture; no unique, high-risk designations are prevalent compared to the surrounding rural Minnesota region.
Data retrieved from data.census.gov ZCTA 56156 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.
State park featuring quartzite cliffs and bison herd.
Historic local theatre.
Local art gallery.
Historic county building.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.