The story of this market
The typical home in ZIP 56093 sells for about $271,750, or $158 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $906 a month.
ZIP 56093 — Waseca
The 56093 housing market shows steady demand with modest year-over-year price growth, supported by a stable local economy. While inventory remains tight, the market is balanced, offering opportunities for buyers who are prepared for a competitive environment. Current conditions reflect a resilient, small-town market driven by local employment and affordability.
This ZIP is well-suited for families and local workers seeking an affordable, small-town lifestyle with access to regional outdoor amenities and a stable cost of living.
Median prices moved up 2.1% year over year.
Homes spend a median of 68 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 9.0% — 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 7.2%/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 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56093, Waseca 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 Waseca are generally lower than the national average, with property crime being the most frequently reported incident type.
The area is served by Waseca Public Schools, which maintains a standard curriculum and moderate performance ratings relative to state benchmarks.
The region faces moderate risks from severe weather, including thunderstorms and occasional winter storm impacts, with standard flood insurance requirements for properties in designated zones.
Economic momentum is driven by local manufacturing and agricultural support services, with steady but modest infrastructure investment in the Waseca area.
Property taxes are assessed at the county level based on market value, with specific levies for school districts and municipal services; exemptions are available for homestead properties.
Commuting is primarily car-dependent, with residents typically driving to employment hubs in Mankato or the Twin Cities metro area via regional highways.
The area features access to Clear Lake and Loon Lake, providing opportunities for fishing and boating, alongside local parks and community sports facilities.
The rental market is characterized by low vacancy pressure and steady demand, primarily driven by local workforce needs and limited new multi-family construction.
The local economy is anchored by manufacturing, healthcare, and agricultural processing, providing a stable employment base for the region.
Transportation is dominated by private vehicle use, with Highway 14 serving as the primary corridor for regional connectivity.
Development is focused on small-scale residential infill and minor commercial improvements within the city limits.
The Waseca County Assessor's office conducts annual property valuations based on market sales data and physical inspections.
Parcels are subject to Waseca Public School District levies and county-wide special service districts for infrastructure maintenance.
Property insurance premiums are stable, reflecting the area's moderate risk profile for natural disasters.
Data retrieved from data.census.gov ZCTA 56093 profile.
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.
Popular local destination for fishing, boating, and lakeside recreation.
Community park offering walking trails and picnic areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.