ZIP Code Market Report
56308 — Alexandria, MN
Data through February 2026 · Updated monthly
Avg Home Value
$349,766
▲ 1.7% year-over-year
Month-over-Month
-0.7%
▼ 0.7%
Single Family
$348,231
Condo / Co-op
--
The average home value in the 56308 ZIP code (Alexandria, Minnesota) is $349,766 as of February 2026. Home prices are rising, up 1.7% compared to last year.
A 3-bedroom home in 56308 is valued at $338,749.
The market in 56308 has a $354,965 spread between bottom-tier homes at $213,707 and top-tier homes at $568,671. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 56308 ZIP code will increase 0.9% over the next 12 months, bringing the projected average to approximately $352,914. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Douglas County market area in Minnesota. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Douglas County report.
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Market Snapshot
56308 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 | $355,773 | $352,306 | $349,766 | ▼ 1.7% |
| Single Family Value | $347,241 | $347,913 | $348,231 | ▲ 0.3% |
Home Values
56308 Home Value Trend
Historical home values for ZIP code 56308. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 56308
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $298,827 |
| 3 Bedrooms | $338,749 |
| 4 Bedrooms | $420,828 |
Property Types
Home Values by Property Type in 56308
How different property types compare in this ZIP code.
All Homes
$349,766
Single Family
$348,231
Bottom Tier
$213,707
Top Tier
$568,671
Forecast
12-Month Home Value Forecast for 56308
Zillow projects home values in 56308 will increase 0.9% over the next year, reaching approximately $352,914.
Current Value
$349,766
Projected Change
+0.9%
▲ 0.9%
Projected Value
$352,914
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 56308 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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