The story of this market
The typical home in ZIP 56244 sells for about $144,900, or $114 per square foot.
Homes take about 72 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $914 a month.
ZIP 56244 — Hancock
The housing market in ZIP 56244 is characterized by low inventory and stable, modest pricing. Market activity remains limited, reflecting the rural nature of the area and a slow, steady population decline.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 72 days on market with 0.0 months of supply — a balanced-paced market.
0% 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 3.0% · poverty 6.5% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 56244, Minnesota
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Data aggregated from ZCTA 56244 census profiles and local municipal reporting.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.