The story of this market
The typical home in ZIP 56185 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 $814 a month.
ZIP 56185 — Wilmont
The housing market in 56185 is characterized by low inventory and very limited sales activity, typical of a small, stable rural community. Prices have seen modest, steady appreciation over the last decade, driven by local demand rather than speculative investment. The market remains balanced but slow-moving due to the small population base.
This ZIP is best suited for families and individuals seeking a quiet, low-cost rural lifestyle, as well as agricultural workers or retirees looking for affordability and community stability.
Median prices moved up 2.1% year over year.
Homes spend a median of 84 days on market with 6.2 months of supply — a balanced-paced market.
0% 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 2.0% · poverty 11.0% — 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 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56185, Nobles 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 Wilmont are significantly lower than both the Minnesota and national averages, reflecting the typical safety profile of a small, rural agricultural community.
The area is served by the Adrian School District, which maintains a stable reputation for small-town educational outcomes and community-focused instruction.
The region faces standard Midwestern climate risks, primarily severe thunderstorms and occasional high winds, with low flood risk outside of localized drainage areas.
Economic momentum is tied to the regional agricultural sector and small-scale local commerce, with limited new large-scale infrastructure or corporate development.
Property taxes are assessed at the county level by Nobles County, utilizing a standard mill rate structure applied to the estimated market value of residential parcels.
Commuting is primarily car-dependent, with residents typically driving to nearby regional hubs like Worthington for employment and essential services.
Local recreation is centered on community parks and the rural landscape, with access to regional lakes and outdoor activities within a short driving distance.
The rental market is very limited in depth, consisting primarily of single-family homes with low turnover and minimal investor-driven short-term rental activity.
The economy is heavily reliant on the agricultural industry, including crop production and livestock, with support services located in nearby Worthington.
Transportation is entirely road-based, relying on local county roads and state highways for connectivity to the broader region.
There are no major commercial or residential developments currently approved or under construction within the ZIP code.
Nobles County Assessor manages property valuations, focusing on agricultural land use and residential property assessments.
Parcels are subject to local school district levies and county-wide administrative and emergency service districts.
Property insurance premiums are generally stable, reflecting the low-density rural environment and moderate hazard exposure.
Data retrieved from US Census Bureau ACS 5-year estimates for ZCTA 56185.
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 green space for outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.