The story of this market
The typical home in ZIP 56001 sells for about $311,041, or $169 per square foot.
Prices are up +2.6% from a year ago, so sellers still have some momentum. Homes take about 86 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,134 a month.
ZIP 56001 — Mankato
The housing market in 56001 shows moderate price appreciation with a median home value of approximately $311,041. Market activity is characterized by a relatively high number of days on market and limited inventory, reflecting a stable but slow-moving environment. Specific figures for sales counts and tax rates were not available at the ZIP level.
This area is well-suited for students and young adults due to the large population of young adults and proximity to local institutions, though it also serves a broad range of residents.
Median prices moved up 2.6% year over year.
Homes spend a median of 86 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 19.0% — a mixed stability profile.
ZCTA 56001, Blue Earth 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.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
The mean travel time to work for residents in this ZIP code is approximately 14.5 minutes.
The local economy is influenced by the broader Mankato metro area, which features a mix of education, healthcare, and retail sectors.
Data retrieved from Census Reporter profile for ZCTA 56001.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.