The story of this market
The typical home in ZIP 56235 sells for about $235,000, or $142 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,295 a month.
ZIP 56235 — Donnelly
The housing market in 56235 remains stable with low inventory and modest price appreciation consistent with rural Minnesota trends. Demand is driven by local residents and limited migration, resulting in a balanced market with low turnover. Figures are based on 2023 ACS data and current regional market observations.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including families and retirees who prioritize affordability and community over proximity to urban employment centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 84 days on market with 6.0 months of supply — a balanced-paced market.
8% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.4% · poverty 8.0% — 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 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 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56235, Lac qui Parle 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 rural district schools which generally maintain stable performance metrics consistent with regional averages.
The region faces standard Midwestern climate risks including seasonal severe thunderstorms and winter weather; flood risk is localized to specific low-lying areas.
Economic momentum is driven primarily by local agricultural operations and small-scale service businesses with limited large-scale industrial development.
Property taxes are assessed at the county level based on market value; the jurisdiction utilizes standard homestead exemptions for primary residences.
Commutes are primarily car-dependent, involving travel on rural state highways to reach regional employment hubs.
Recreation is centered on outdoor activities including access to nearby lakes, local parks, and community-based sports facilities.
The rental market is characterized by low inventory and limited turnover, primarily serving local workers and long-term residents.
The local economy is heavily reliant on the agricultural sector, with support from small-scale retail and public services.
Transportation infrastructure is limited to rural road networks with no public transit options.
There are no major commercial or residential developments currently approved or under construction in this ZIP.
The county assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to standard county and school district levies with no significant MUD or PID presence.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in Western Minnesota.
Data retrieved from US Census Bureau ACS 2023 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.
Provides regional access for fishing, boating, and wildlife observation.
Serves as the primary venue for local outdoor gatherings and youth sports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.