How much is a home worth in ZIP code 56387?

The typical home in 56387 is worth $254,038, based on the Zillow Home Value Index.

Are home values rising in 56387?

Home values in 56387 are up 2.4% over the past year, and up 6.0% a year over five years.

What is the typical rent in 56387?

A typical home in 56387 rents for about $1,209 a month, a gross rental yield of 5.7%.

What is the property tax rate in 56387?

The effective property tax rate in 56387 is 1.1% — roughly $2,769 a year on a typical home.

ZIP code 56387 has a population of 7,756 and a median household income of $59,009.

HousingHandbookReference data

…

U.S. ZIP Code · MN56387

Stearns County · St. Cloud, MN

Typical home value

$254,038^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.4%
5-year / yr: +6.0%
10-year / yr: +6.1%

Relative price

vs U.S.: -10.6%
vs metro: -25.3%
vs state: -14.7%

Price history

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

The typical home in 56387 is worth $254,038 — 25.3% below the St. Cloud, MN median. Over the past year, values have risen 2.4%. Homes here rent for a typical $1,209 a month — a 5.7% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent: $1,209^[2]
Gross yield: 5.7%^[2]
Cap rate: 3.4%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $2,769^[3]

#Climate risk

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

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

#Who lives here

Population: 7,756^[3]
Median household income: $59,009^[3]

#Migration

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

Net migration: -412^[5]
Moved in: 4,381
Moved out: 4,793

Schools

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

Public schools: 5
Elementary: 1
Middle: 0
High: 2

DISCOVERY COMMUNITY ELEMENTARY
Elementary · Grades PK–5 · ST. CLOUD PUBLIC SCHOOL DISTRICT
540 students
EC Sp Ed at Quarryview Ed Center
Prekindergarten · Grades PK · ST. CLOUD PUBLIC SCHOOL DISTRICT
304 students
St. Cloud Area Learning Center
High · Grades 6–12 · ST. CLOUD PUBLIC SCHOOL DISTRICT
231 students
SPECIAL EDUCATION FACILITIES
Other · Grades PK–12 · ST. CLOUD PUBLIC SCHOOL DISTRICT
59 students
Central Minnesota Virtual Academy
High · Grades 6–12 · ST. CLOUD PUBLIC SCHOOL DISTRICT
0 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.

Home value$Monthly rent$

Gross yield5.7%

Net yield (after ~40% expenses)3.4%

Annual rent$14,514

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,285

Loan principal$203,230

Down payment$50,808

Total interest paid$259,209

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.43

Monthly cost to own$1,727

Monthly rent$1,209

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: 58th percentile^[1]
Rental yield: 75th percentile^[2]
Property tax: 100th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 56387?: The typical home in 56387 is worth $254,038, based on the Zillow Home Value Index.
Are home values rising in 56387?: Home values in 56387 are up 2.4% over the past year, and up 6.0% a year over five years.
What is the typical rent in 56387?: A typical home in 56387 rents for about $1,209 a month, a gross rental yield of 5.7%.
What is the property tax rate in 56387?: The effective property tax rate in 56387 is 1.1% — roughly $2,769 a year on a typical home.
Who lives in 56387?: ZIP code 56387 has a population of 7,756 and a median household income of $59,009.

#Comparable ZIPs

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

56376 vs 56387 →
St. Martin, MN
Typical home
$251,348
Gross yield
—
56369 vs 56387 →
Rockville, MN
Typical home
$262,185
Gross yield
—
56303
St. Cloud, MN
Typical home
$240,106
Gross yield
4.8%
56356
New Munich, MN
Typical home
$211,782
Gross yield
—
56352
Melrose, MN
Typical home
$298,284
Gross yield
—
56379
Sauk Rapids, MN
Typical home
$300,671
Gross yield
—

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#Jump to section

U.S. ZIP Code · MN56387

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