The story of this market
The typical home in ZIP 56176 sells for about $145,000, or $85 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $620 a month.
ZIP 56176 — Trimont
The housing market in 56176 is characterized by low inventory and slow turnover, typical of a stable rural community. Prices remain affordable compared to regional averages, with growth driven by local demand rather than speculative investment.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with a low cost of living and strong community ties.
Median prices moved up 2.1% year over year.
Homes spend a median of 92 days on market with 6.5 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.9% · poverty 10.2% — 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 4.8%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56176, 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.
Local schools are part of the Martin County West School District, serving the rural community with small class sizes.
The area is primarily agricultural with low wildfire risk, though standard Midwestern wind and storm insurance coverage is recommended.
The economy is driven by regional agriculture and small-scale local services with limited new industrial development.
Property taxes are assessed at the county level in Martin County, with rates influenced by local school district levies and municipal requirements.
Commuting is primarily by personal vehicle, with residents traveling to nearby regional hubs like Fairmont for employment.
The area features local community parks and access to rural outdoor activities, with limited commercial shopping within the immediate ZIP.
The rental market is limited with low turnover and primarily consists of single-family homes or small multi-family units.
The local economy is heavily anchored by the agricultural sector and agribusiness support services.
Transportation is entirely dependent on private vehicle use via state and county highway networks.
There are no major commercial or residential developments currently in the pipeline for this rural ZIP.
Martin County Assessor manages property valuations based on annual market analysis and state guidelines.
Parcels are subject to Martin County West School District levies and local municipal utility districts.
Standard property insurance is available, with premiums reflecting the rural location and low hazard exposure.
Data retrieved from U.S. 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.
Local community park providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.