The story of this market
The typical home in ZIP 55363 sells for about $495,475, or $185 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,405 a month.
ZIP 55363 — Montrose
The housing market in 55363 remains stable with steady demand for single-family homes, driven by its appeal to commuters and families. While inventory remains tight, price growth has moderated compared to previous years, reflecting broader regional trends. Market conditions are currently balanced, with homes selling near list price.
This ZIP is well-suited for family buyers and commuters who prioritize suburban space and affordability over immediate proximity to the urban core.
Median prices moved up 2.4% year over year.
Homes spend a median of 42 days on market with 3.8 months of supply — a fast-moving market.
18% 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 4.0% · poverty 10.5% — 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 6.1%/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 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55363, Wright 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 the Buffalo-Hanover-Montrose School District, which generally maintains a stable reputation within the region.
The area faces standard Midwestern climate risks, including severe thunderstorms and winter weather; flood risk is localized to specific low-lying areas near the Crow River.
Economic momentum is driven by residential expansion and proximity to the Twin Cities metro area, with local employment supported by small-to-medium enterprises and regional service sectors.
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 via MN-25 and I-94 toward the Twin Cities employment core, with average commute times reflecting a suburban-to-exurban profile.
The area features access to local parks, nearby lakes for seasonal recreation, and proximity to regional trail systems, with basic shopping and dining located in Montrose and Buffalo.
The rental market is characterized by low vacancy pressure and steady demand from families and commuters seeking suburban housing options.
The local economy is a mix of residential services, agriculture, and small-scale manufacturing, with many residents commuting to the broader Minneapolis-St. Paul metropolitan area.
Transportation is heavily reliant on private vehicles, with MN-25 serving as the primary arterial road connecting the area to regional highway networks.
Development is primarily focused on low-density residential expansion on the periphery of existing town centers.
The Wright County Assessor manages property valuations, utilizing annual market analysis to determine taxable values.
Parcels are subject to standard county, city, and school district levies; no specific MUD or PID districts are currently identified.
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk common to central Minnesota.
Data retrieved from US Census Bureau ZCTA-level profiles.
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 with recreational facilities.
Provides scenic views and seasonal fishing opportunities.
Key-figure check: median price diverges 26.3% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $365,000 (26.3% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $365,000 (-26.3% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.