The story of this market
The typical home in ZIP 56171 sells for about $224,900, or $91 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $743 a month.
ZIP 56171 — Sherburn
The housing market in 56171 is characterized by low inventory and modest price growth, typical of a stable rural Midwestern community. Sales volume remains low, and the market is driven primarily by local demand rather than speculative investment. Prices have seen a steady upward trend over the last decade, reflecting broader regional economic shifts.
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 2.5% year over year.
Homes spend a median of 120 days on market with 8.5 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.7% · poverty 15.2% — a mixed stability 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 7.7%/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 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56171, Martin 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 served by Martin County West School District, which provides public education for the local community.
The region is primarily agricultural with standard Midwestern weather risks; flood and wind insurance are recommended for property owners.
The local economy is anchored by agriculture and small-scale manufacturing, with limited new large-scale commercial development.
Property taxes are assessed by Martin County based on market value; local school district levies and municipal taxes constitute the primary tax burden.
Commuting is primarily car-dependent, with access to I-90 providing regional connectivity to larger employment hubs like Fairmont or Worthington.
Local amenities include proximity to regional lakes for fishing and boating, as well as small-town parks and community recreational facilities.
The rental market is characterized by low inventory and stable demand, primarily serving local workers and small families.
The economy is heavily reliant on the agricultural sector, including crop production and related agribusiness services.
Transportation is almost exclusively via private vehicle, with I-90 serving as the primary artery for regional travel.
No major large-scale commercial or residential developments are currently reported for this ZIP.
Martin County Assessor manages property valuations for tax purposes.
Parcels are subject to Martin County West School District and local municipal utility districts.
Standard property insurance coverage is available, though premiums are influenced by regional weather patterns.
Data retrieved from US Census Bureau 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 local opportunities for fishing and water-based recreation.
Community park offering green space and playground facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.