HousingHandbookReference data

U.S. ZIP Code · MN56156

Rock County · Sioux Falls, SD-MN

Typical home value

$261,142[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.6%
5-year / yr
+6.8%
10-year / yr
+6.7%

Relative price

vs U.S.
-8.1%
vs metro
-20.4%
vs state
-12.3%
ZIP 56156 location in MN
Location of ZIP 56156 in MN

Price history

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

The typical home in 56156 is worth $261,142 — 20.4% below the Sioux Falls, SD-MN median. Over the past year, values have risen 5.6%. The effective property tax rate is 0.8%.

#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
0.8%[3]
Typical annual tax
$1,971[3]

#Climate risk

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

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

#Who lives here

Population
6,371[3]
Median household income
$71,066[3]

#Migration

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

Net migration
-5[5]
Moved in
199
Moved out
204

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
4
Elementary
1
Middle
1
High
2
  • LUVERNE ELEMENTARY

    Elementary · Grades PK–5 · LUVERNE PUBLIC SCHOOL DISTRICT

    516 students

  • LUVERNE SENIOR HIGH

    High · Grades 9–12 · LUVERNE PUBLIC SCHOOL DISTRICT

    379 students

  • LUVERNE MIDDLE

    Middle · Grades 6–8 · LUVERNE PUBLIC SCHOOL DISTRICT

    256 students

  • LUVERNE ALTERNATIVE PROGRAM

    High · Grades 10–12 · LUVERNE PUBLIC SCHOOL DISTRICT

    4 students

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$1,320
Loan principal$208,914
Down payment$52,228
Total interest paid$266,458

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$1,701
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
62nd percentile[1]
Rental yield
[2]
Property tax
3rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 56156?
The typical home in 56156 is worth $261,142, based on the Zillow Home Value Index.
Are home values rising in 56156?
Home values in 56156 are up 5.6% over the past year, and up 6.8% a year over five years.
What is the property tax rate in 56156?
The effective property tax rate in 56156 is 0.8% — roughly $1,971 a year on a typical home.
Who lives in 56156?
ZIP code 56156 has a population of 6,371 and a median household income of $71,066.

#Comparable ZIPs

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

  • Spencer, SD

    Typical home
    $263,259
    Gross yield
  • Viborg, SD

    Typical home
    $253,703
    Gross yield
  • Salem, SD

    Typical home
    $252,791
    Gross yield
  • Hills, MN

    Typical home
    $242,063
    Gross yield
  • Marion, SD

    Typical home
    $284,475
    Gross yield
  • Sioux Falls, SD

    Typical home
    $289,958
    Gross yield
    5.7%

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