The story of this market
The typical home in ZIP 56738 sells for about $180,300, or $105 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $683 a month.
ZIP 56738 — Newfolden
The housing market in 56738 is characterized by low inventory and slow turnover, typical of a rural agricultural community. Prices have seen modest, steady appreciation over the last decade, driven by limited supply rather than high-velocity demand. The market remains stable with little speculative activity.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with a low cost of living and strong community ties.
Median prices moved up 2.4% year over year.
Homes spend a median of 112 days on market with 7.0 months of supply — a slower-moving market.
8% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 8.9% — 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 4.2%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56738, Marshall 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 local rural school districts which generally maintain stable, community-focused educational environments.
The region is subject to standard Midwestern weather risks, including severe thunderstorms and winter weather; flood risk is localized near the Middle River.
The local economy is primarily driven by agriculture and small-scale local commerce, with limited large-scale industrial development.
Property taxes are assessed at the county level based on market value; the area does not feature significant special district tax overlays common in urban centers.
Commutes are primarily car-dependent, with residents traveling to nearby regional hubs for employment.
The area features access to Old Mill State Park and local outdoor recreation opportunities along the Middle River.
The rental market is characterized by low inventory and stable, modest demand, primarily serving local workers.
The economy is heavily reliant on the agricultural sector, with support from local government and small business services.
Transportation is entirely reliant on private vehicle use via regional highway corridors.
There are no major large-scale commercial or residential developments currently in the pipeline.
Marshall County Assessor manages property valuations based on annual market analysis.
Parcels are subject to standard county and school district levies.
Property insurance premiums are stable but reflect regional exposure to severe weather events.
Minnesota is a judicial foreclosure state with specific statutory redemption periods.
Sellers are required to provide a written disclosure statement regarding the condition of the property.
Data retrieved from data.census.gov ZCTA 56738 profile.
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.
- Old Mill State Park4.510.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A historic state park featuring a restored flour mill and recreational trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.