The story of this market
The typical home in ZIP 56098 sells for about $245,000, or $148 per square foot.
Prices are up +3.2% 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 $733 a month.
ZIP 56098 — Winnebago
The housing market in 56098 remains stable with modest year-over-year price appreciation and low inventory levels. Demand is driven by local buyers seeking affordability, though limited supply continues to constrain sales volume.
This ZIP is well-suited for families and long-term residents seeking a quiet, affordable community with a lower cost of living compared to major metropolitan areas.
Median prices moved up 3.2% year over year.
Homes spend a median of 42 days on market with 3.8 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 98.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.7% · poverty 8.7% — 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 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56098, Waseca 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 this area are generally low and consistent with rural Minnesota trends, significantly below national averages for violent crime.
The area is served by local public school districts that maintain stable performance ratings and are central to the community's identity.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather, with flood risk primarily localized to specific low-lying areas near water bodies.
Economic momentum is driven by a mix of local agriculture, small-scale manufacturing, and regional service industries, with steady but modest development activity.
Property taxes are assessed at the county level based on market value, with rates influenced by local school district levies and municipal service requirements.
Residents primarily rely on personal vehicles for commuting, with most employment centers located within a 30-45 minute drive to larger regional hubs.
The area offers access to local parks, community sports fields, and proximity to regional lakes and trails suitable for outdoor recreation.
The rental market is characterized by low inventory and stable demand, with limited turnover and a small presence of short-term rental units.
The local economy is anchored by agricultural production, food processing, and regional retail services.
Transportation is dominated by highway access, with limited public transit options available for regional commuting.
Development is focused on maintaining existing infrastructure and supporting small-scale residential growth.
The Waseca County Assessor manages property valuations, conducting periodic reviews to ensure assessments align with market trends.
Parcels are subject to standard county, city, and school district tax levies, with no major MUD/PID districts reported.
Property insurance premiums are stable, reflecting the area's low-to-moderate risk profile for natural disasters.
Data retrieved from data.census.gov ZCTA-level tables.
- Green Giant Statue Park4.69.2 mi
- Daly Park & Campground4.511.1 mi
- Jolly Green Giant4.79.2 mi
- Fairmont Opera House4.716.7 mi
- Green Giant Statue Park4.69.2 mi
- Daly Park & Campground4.511.1 mi
- Faribault County Fairgrounds4.49.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local fishing, boating, and recreational access.
Hosts annual community events and regional gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.