ZIP Code Market Report
56589 — Waubun, MN
Data through February 2026 · Updated monthly
Avg Home Value
$262,057
▲ 2.0% year-over-year
Month-over-Month
-0.0%
▼ 0.0%
Single Family
$258,874
Condo / Co-op
--
The average home value in the 56589 ZIP code (Waubun, MINNESOTA) is $262,057 as of February 2026. Home prices are rising, up 2.0% compared to last year.
A 3-bedroom home in 56589 is valued at $349,189.
The market in 56589 has a $309,126 spread between bottom-tier homes at $133,240 and top-tier homes at $442,366. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Mahnomen County market area in MINNESOTA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Mahnomen County report.
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Market Snapshot
56589 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $263,178 | $262,063 | $262,057 | ▼ 0.4% |
| Single Family Value | $256,310 | $257,404 | $258,874 | ▲ 1.0% |
Home Values
56589 Home Value Trend
Historical home values for ZIP code 56589. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 56589
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $294,640 |
| 3 Bedrooms | $349,189 |
Property Types
Home Values by Property Type in 56589
How different property types compare in this ZIP code.
All Homes
$262,057
Single Family
$258,874
Bottom Tier
$133,240
Top Tier
$442,366
Data Sources and Methodology
Home value data for ZIP code 56589 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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