The story of this market
The typical home in ZIP 56011 sells for about $272,000, or $170 per square foot.
Prices are down 13.3% from a year ago, which gives buyers more room to negotiate. Homes take about 17 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,360 a month.
ZIP 56011 — Belle Plaine
The housing market in Blue Earth County is experiencing a significant correction with median sale prices down 13.3% year-over-year. While sales volume has increased, the sharp decline in pricing suggests a cooling demand environment. All figures provided are at the county level as specific ZCTA-level market data for 56011 is not published.
Median prices moved down 13.3% year over year.
Homes spend a median of 17 days on market with 0.0 months of supply — a fast-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 4.4% · poverty 2.7% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 56011, 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.
not determinable
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.