The story of this market
The typical home in ZIP 55964 sells for about $310,000, or $142 per square foot.
Prices are up +17% from a year ago, so sellers still have some momentum. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $2,250 a month.
ZIP 55964 — Plainview
The Plainview housing market is currently experiencing a seller's market with a median sale price of $310,000, reflecting a 17% year-over-year increase. Low inventory and steady demand from commuters are driving price appreciation, though the market remains sensitive to broader economic trends. Note that some specific historical tax and permit data were not available at the ZIP level.
This ZIP is well-suited for families and individuals seeking a quiet, small-town lifestyle with access to regional employment centers in Rochester.
Median prices moved up 17.0% year over year.
Homes spend a median of 51 days on market with 2.5 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 5.9% — 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 8.3%/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 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55964, Wabasha 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 served by Plainview-Elgin-Millville Community Schools, which generally maintains a stable reputation for small-town educational services.
The region is subject to standard Midwestern weather risks, including severe thunderstorms and winter weather, with insurance premiums reflecting regional hazard exposure.
Economic momentum is driven by local small-town commerce and proximity to regional employment hubs in Rochester, with steady but modest population growth.
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.
Residents primarily commute by car, with most employment access directed toward the Rochester metropolitan area via regional highway corridors.
The area features local parks, a city pool, and proximity to outdoor recreational opportunities in the Whitewater Valley region.
The rental market is characterized by limited inventory and steady demand, with a Redfin rental estimate of $2,250 per month.
The local economy is supported by small-town retail, local services, and a significant commuter base working in the healthcare and technology sectors in nearby Rochester.
Transportation is primarily automobile-dependent, relying on state and county highway networks for regional connectivity.
Development is primarily focused on residential infill and small-scale commercial improvements within the city limits.
Wabasha County Assessor manages property valuations for the majority of the ZIP code.
Parcels are subject to levies from the city, Wabasha County, and the Plainview-Elgin-Millville school district.
Property insurance rates are influenced by regional climate risks, including wind and storm exposure common to southeastern Minnesota.
Minnesota is a judicial foreclosure state with specific statutory redemption periods.
Minnesota law requires sellers to provide a written disclosure statement regarding the condition of the property.
Data derived from US Census Bureau and local market reports.
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.
Features a city pool and community recreational space.
Central hub for local small-town retail and dining.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.