The story of this market
The typical home in ZIP 56167 sells for about $165,000, or $112 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $629 a month.
ZIP 56167 — Round Lake
The housing market in 56167 remains stable with low inventory and modest price appreciation. Demand is driven by local residents and those seeking rural affordability, though limited supply keeps sales volume low. Market conditions are expected to remain consistent with historical trends in the near term.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with affordable housing costs and a strong sense of community.
Median prices moved up 2.1% year over year.
Homes spend a median of 84 days on market with 4.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 5.1% — 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 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 56167, Murray 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.
Crime rates in this rural Minnesota area are significantly lower than the national average, with property and violent crime incidents remaining rare.
The area is served by local independent school districts that maintain small class sizes and are generally well-regarded for community engagement.
The region faces moderate risks from severe winter weather and occasional spring flooding, with standard property insurance coverage widely available.
Economic momentum is driven primarily by regional agriculture and small-scale manufacturing, with limited new large-scale commercial development.
Property taxes are assessed at the county level based on market value, with agricultural homestead exemptions available for qualifying rural parcels.
Commutes are primarily car-dependent, with residents traveling to nearby regional hubs for employment via state highways.
The area offers access to local parks, fishing lakes, and community-maintained trails, with limited retail and dining options within a 3-mile radius.
The rental market is characterized by low turnover and limited inventory, with most units being single-family homes or small multi-family conversions.
The local economy is anchored by agricultural production and local government services, with a stable but slow-growth employment base.
Transportation infrastructure is limited to rural state highways with no public transit options available.
There are no major commercial or residential developments currently approved or under construction in this ZIP code.
The Murray County Assessor manages property valuations, focusing on annual market adjustments for agricultural and residential land.
Parcels are subject to local school district levies and county-wide emergency service district taxes.
Property insurance premiums are stable, reflecting the low-risk profile for natural disasters compared to urban centers.
The state experiences modest net domestic migration, with rural areas seeing stable population levels.
Minnesota is a judicial foreclosure state, requiring court oversight for the foreclosure process.
Sellers are required to provide a written disclosure statement regarding the condition of the property at the time of sale.
Data retrieved from data.census.gov ZCTA-level tables.
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.
Provides extensive outdoor recreation including camping, hiking, and water activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.