HousingHandbookReference data

U.S. ZIP Code · MN56308

Douglas County

Typical home value

$360,787[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.9%
5-year / yr
+5.8%
10-year / yr
+5.8%

Relative price

vs U.S.
+27.0%
vs metro
vs state
+21.2%
ZIP 56308 location in MN
Location of ZIP 56308 in MN

Price history

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

The typical home in 56308 is worth $360,787. Over the past year, values have risen 2.9%. Homes here rent for a typical $1,248 a month — a 4.2% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent
$1,248[2]
Gross yield
4.2%[2]
Cap rate
2.5%[2]

#Property tax

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

Effective tax rate
0.9%[3]
Typical annual tax
$3,129[3]

#Climate risk

FEMA National Risk Index ratings for Douglas 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 Low
Heat wave
Very Low
Hurricane
Not Applicable
Tornado
Relatively Low
Earthquake
Very Low
Winter weather
Relatively High

#Who lives here

Population
27,008[3]
Median household income
$78,177[3]

#Migration

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

Net migration
+15[5]
Moved in
1,033
Moved out
1,018

Schools

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

Public schools
10
Elementary
4
Middle
2
High
3
  • Alexandria Area High School

    High · Grades 9–12 · ALEXANDRIA PUBLIC SCHOOL DISTRICT

    1,310 students

  • Discovery Middle School

    Middle · Grades 6–8 · ALEXANDRIA PUBLIC SCHOOL DISTRICT

    874 students

  • LINCOLN ELEMENTARY

    Elementary · Grades K–5 · ALEXANDRIA PUBLIC SCHOOL DISTRICT

    478 students

  • VOYAGER ELEMENTARY

    Elementary · Grades K–5 · ALEXANDRIA PUBLIC SCHOOL DISTRICT

    427 students

  • WOODLAND ELEMENTARY SCHOOL

    Elementary · Grades K–5 · ALEXANDRIA PUBLIC SCHOOL DISTRICT

    416 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 yield4.2%
Net yield (after ~40% expenses)2.5%
Annual rent$14,980

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$1,824
Loan principal$288,630
Down payment$72,157
Total interest paid$368,131

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 ratio1.91
Monthly cost to own$2,387
Monthly rent$1,248

Renting is meaningfully cheaper month-to-month.

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
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 56308?
The typical home in 56308 is worth $360,787, based on the Zillow Home Value Index.
Are home values rising in 56308?
Home values in 56308 are up 2.9% over the past year, and up 5.8% a year over five years.
What is the typical rent in 56308?
A typical home in 56308 rents for about $1,248 a month, a gross rental yield of 4.2%.
What is the property tax rate in 56308?
The effective property tax rate in 56308 is 0.9% — roughly $3,129 a year on a typical home.
Who lives in 56308?
ZIP code 56308 has a population of 27,008 and a median household income of $78,177.

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