The story of this market
The typical home in ZIP 55975 sells for about $245,000, or $148 per square foot.
Prices are up +2.1% 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 $967 a month.
ZIP 55975 — Spring Valley
The housing market in 55975 remains stable with low inventory and modest price appreciation. Demand is driven by local residents and commuters seeking affordability compared to the nearby Rochester metro area.
This ZIP is ideal for families and individuals seeking a quiet, small-town lifestyle with affordable housing options, while remaining within a manageable commuting distance to the Rochester medical and tech employment hub.
Median prices moved up 2.1% year over year.
Homes spend a median of 42 days on market with 3.8 months of supply — a fast-moving market.
12% 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 3.1% · poverty 7.2% — 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 6.0%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55975, Fillmore/Mower Counties 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 the Spring Valley area are generally low and consistent with rural southeastern Minnesota trends, remaining well below national averages.
The area is served by the Kingsland Public School District, which maintains a stable academic reputation typical of small-town Minnesota districts.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather, with localized flood risks near the Root River.
Economic momentum is driven by local agricultural support, small-scale manufacturing, and proximity to larger regional employment hubs like Rochester.
Property taxes are assessed at the county level in Fillmore and Mower, with rates determined by local school district levies and municipal requirements; no specific special district surcharges are widely reported for this ZIP.
Commuters primarily utilize MN-16 and US-63 to reach employment centers in Rochester, with average commute times reflecting a rural-to-urban drive.
The area features access to the Root River State Trail for cycling and hiking, local community parks, and proximity to regional fishing and outdoor recreation spots.
The rental market is characterized by low inventory and steady demand from local workers, with limited turnover and minimal short-term rental saturation.
The local economy is anchored by agriculture, regional healthcare services, and small-business retail, with significant economic influence from the nearby Rochester medical corridor.
Transportation is primarily automobile-dependent, relying on state highway corridors for regional connectivity.
Development is focused on modest residential infill and maintenance of existing infrastructure rather than large-scale commercial expansion.
Parcels are subject to standard county and school district taxation, with no major MUD or PID districts reported.
Property insurance premiums are stable, reflecting the low-hazard, rural nature of the geography.
Data derived from ZCTA-level ACS tables via Census Reporter.
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.
Extensive paved trail system for hiking and biking.
Central public space for community events and recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.