The story of this market
The typical home in ZIP 56028 sells for about $422,000, or $276 per square foot.
Prices are up +12.6% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,069 a month.
ZIP 56028 — Elysian
The 56028 market is characterized by a low-inventory, somewhat competitive environment. While home values have shown modest year-over-year growth, the market pace has fluctuated. Recent data indicates that while homes are selling faster than last year, the surge in active listings suggests a normalizing market where buyers are gaining slightly more leverage than in the previous quarter.
This ZIP is best suited for retirees or secondary-home buyers seeking lake-country living and families looking for a quiet, rural atmosphere with access to local state parks.
Median prices moved up 12.6% year over year.
Homes spend a median of 35 days on market with 3.2 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 4.9% — 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 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 56028, Le Sueur 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 a small, rural-leaning community; localized crime rates are low relative to regional urban centers in Minnesota.
The prevailing school quality is rated as standard for a rural district, with the local WEM district providing primary education.
The area is primarily lake-oriented (Elysian Lake area); property insurance posture is standard for Southern Minnesota, with typical flood insurance requirements for lakefront parcels.
Development momentum is largely tied to seasonal residential and recreational demand rather than major corporate HQs; infrastructure focuses on lake/trail accessibility.
Taxation is managed by Le Sueur/Waseca County jurisdictions; property tax rates are determined by local school district levies and municipal assessments.
Primarily a drive-to-work profile; residents typically commute toward Mankato or suburban Minneapolis, with average commute times around 26 minutes.
High recreational value; features include Lake Francis, Sakatah Lake State Park, and proximity to the Sakatah Singing Hills State Trail.
Rental market depth is shallow with limited available inventory; most residential stock is owner-occupied.
Mixed local economy reliant on agriculture, regional services, and seasonal tourism related to lake recreation.
Limited large-scale industrial/commercial pipeline; focus remains on maintaining existing residential and recreational infrastructure.
Tax parcels are subject to local county, municipal, and school district special assessments; specific MUD/PID districts are not standard in this rural geography.
Standard homeowners insurance market; no major systemic "insurance desert" issues reported for this ZIP.
https://data.census.gov/table/ACSST5Y2022.B01001?q=ZCTA%2056028&g=050XX00US27077
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.
Offers camping, boating, fishing, and hiking trails.
A popular spot for boating, fishing, and watersports.
Local park with recreational facilities.
Provides amenities for lake visitors and residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.