The story of this market
The typical home in ZIP 56160 sells for about $189,900.
Homes take about 441 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,014 a month.
ZIP 56160 — Odin
The residential housing market in ZIP 56160 is characterized by an extremely low-volume, rural landscape with minimal market turnover. Current data indicates a discrepancy between median home values and sale prices, likely reflecting the age of the housing stock versus occasional higher-value transactions. The market functions as a stable, owner-occupied enclave rather than a traditional investment or transit-oriented residential market.
This area fits rural-lifestyle buyers or those with existing ties to local agriculture and industry; it is not suited for investors seeking cash flow or commuters requiring transit access.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 441 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 2.1% · poverty 12.9% — 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 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 56160
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; rural crime rates in this region are historically low and significantly below regional and urban averages.
Schools serving this area are part of small, rural Minnesota public districts, generally characterized by personalized learning environments due to low enrollment.
FEMA National Risk Index for the county is very low, with top-rated hazards being cold waves, drought, and strong winds. High radon potential is noted.
Development momentum is minimal; the local economy relies primarily on agriculture and small-scale business establishments.
Property taxes are determined by local county mill rates; the median residential tax paid is 1013 dollars annually.
Commutes average 24 minutes, typically involving personal vehicle transit toward regional employment hubs in St. James, Fairmont, or Mankato.
Limited formal recreation exists inside the ZIP; the rural context favors open-space activities, with proximity to small-town parks and community centers in neighboring towns like Trimont and St. James.
Market depth is extremely low; residential housing is overwhelmingly owner-occupied with very limited rental inventory.
The industry mix is dominated by agriculture, health care, and construction.
No major commercial or infrastructure pipelines are reported for this ZIP.
Standard rural special districts apply, including school and county-level tax authorities.
Standard Midwestern insurance posture; wind and hail coverage is typical due to regional climate.
Data retrieved from census.gov ZCTA profiles.
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.
Small-town community parks located in neighboring municipalities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.