HousingHandbookReference data

U.S. ZIP Code · MN56063

Blue Earth County · Mankato, MN

Typical home value

$442,514[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.6%
5-year / yr
+6.5%
10-year / yr
+6.5%

Relative price

vs U.S.
+55.8%
vs metro
+53.4%
vs state
+48.6%
ZIP 56063 location in MN
Location of ZIP 56063 in MN

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 56063 is worth $442,514 — 53.4% above the Mankato, MN median. Over the past year, values have risen 5.6%. The effective property tax rate is 1.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.0%[3]
Typical annual tax
$4,498[3]

#Climate risk

FEMA National Risk Index ratings for Blue Earth County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Moderate
Heat wave
Relatively Low
Hurricane
Not Applicable
Tornado
Relatively Moderate
Earthquake
Very Low
Winter weather
Relatively High

#Who lives here

Population
3,221[3]
Median household income
$102,391[3]

#Migration

Household moves in and out of Blue Earth County over a year, from IRS tax-return data.

Net migration
-320[5]
Moved in
2,222
Moved out
2,542

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,238
Loan principal$354,012
Down payment$88,503
Total interest paid$451,522

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$2,982
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
44th percentile[1]
Rental yield
[2]
Property tax
75th percentile[3]

Frequently asked

How much is a home worth in ZIP code 56063?
The typical home in 56063 is worth $442,514, based on the Zillow Home Value Index.
Are home values rising in 56063?
Home values in 56063 are up 5.6% over the past year, and up 6.5% a year over five years.
What is the property tax rate in 56063?
The effective property tax rate in 56063 is 1.0% — roughly $4,498 a year on a typical home.
Who lives in 56063?
ZIP code 56063 has a population of 3,221 and a median household income of $102,391.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Courtland, MN

    Typical home
    $341,239
    Gross yield
  • Eagle Lake, MN

    Typical home
    $337,952
    Gross yield
  • North Mankato, MN

    Typical home
    $324,042
    Gross yield
  • Nicollet, MN

    Typical home
    $322,232
    Gross yield
  • Good Thunder, MN

    Typical home
    $321,840
    Gross yield
  • Mankato, MN

    Typical home
    $301,424
    Gross yield
    5.3%

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