The story of this market
The typical home in ZIP 56223 sells for about $195,000, or $100 per square foot.
Prices are up +44.4% from a year ago, so sellers still have some momentum. Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $806 a month.
ZIP 56223 — Clarkfield
The 56223 housing market is a stable, low-volume rural market characterized by high owner-occupancy and modest price appreciation. Recent data shows a significant year-over-year price increase, though this is largely driven by a very small number of closed sales in a low-inventory environment. The market remains affordable compared to regional urban centers, attracting local buyers seeking long-term stability.
This ZIP is best suited for local workers, retirees, and families seeking an affordable, quiet rural lifestyle in a small-town setting.
Median prices moved up 44.4% year over year.
Homes spend a median of 40 days on market with 3.0 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.6% · poverty 10.1% — 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 8.7%/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 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 56223, Yellow Medicine 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 Clarkfield are generally low and consistent with rural Minnesota trends, remaining significantly below national averages.
The area is served by the Yellow Medicine East School District, which provides standard public education for the rural community.
The region faces typical Midwestern climate risks, including severe thunderstorms and winter weather, with standard flood insurance requirements for properties in designated zones.
Economic momentum is driven by local agricultural operations and small-scale regional commerce, with limited large-scale industrial development.
Property taxes are assessed at the county level by Yellow Medicine County, utilizing a standard mill rate formula applied to the estimated market value of residential parcels.
Commutes are primarily car-dependent, with residents traveling to nearby regional hubs like Granite Falls or Marshall for employment.
Local amenities include Clarkfield City Park and proximity to regional outdoor recreation areas, including fishing and hunting grounds common to the Minnesota River Valley.
The rental market is limited in depth, characterized by low turnover and modest demand, with few institutional investors present.
The local economy is anchored by agriculture and agribusiness, with support services and small retail businesses serving the surrounding rural population.
Transportation is primarily served by state highways, with no public transit infrastructure available.
There are no major large-scale commercial or residential developments currently approved or under construction in the ZIP.
Yellow Medicine County Assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to Yellow Medicine East School District levies and county-level administrative and emergency service districts.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in Western Minnesota.
Net domestic migration is generally flat, with modest shifts typical of rural Minnesota demographics.
Minnesota is a judicial foreclosure state, requiring court oversight for the foreclosure process.
Minnesota law requires sellers to provide a written disclosure statement regarding the condition of the property.
Data retrieved from data.census.gov ZCTA-level tables.
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.
Local community park providing green space and recreational facilities.
Regional corridor offering extensive outdoor activities including hiking and wildlife observation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.