ZIP Code Market Report
56120 — 56120, MN
Data through February 2026 · Updated monthly
Avg Home Value
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Month-over-Month
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Single Family
$181,224
Condo / Co-op
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The market in 56120 has a $306,414 spread between bottom-tier homes at $87,116 and top-tier homes at $393,529. 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 Watonwan County market area in MINNESOTA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Watonwan County report.
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Market Snapshot
56120 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 |
|---|---|---|---|---|
| Single Family Value | $178,230 | $179,673 | $181,224 | ▲ 1.7% |
Home Values
56120 Home Value Trend
Historical home values for ZIP code 56120. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 56120
How different property types compare in this ZIP code.
Single Family
$181,224
Bottom Tier
$87,116
Top Tier
$393,529
Data Sources and Methodology
Home value data for ZIP code 56120 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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