HousingHandbookReference data

U.S. ZIP Code · MN56470

Hubbard County

Typical home value

$317,082[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.3%
5-year / yr
+6.3%
10-year / yr
+6.0%

Relative price

vs U.S.
+11.6%
vs metro
vs state
+6.5%
ZIP 56470 location in MN
Location of ZIP 56470 in MN

Price history

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

The typical home in 56470 is worth $317,082. Over the past year, values have risen 4.3%. The effective property tax rate is 0.7%.

#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
0.7%[3]
Typical annual tax
$2,327[3]

#Climate risk

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

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

#Who lives here

Population
11,186[3]
Median household income
$67,500[3]

#Migration

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

Net migration
+100[5]
Moved in
719
Moved out
619

Schools

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

Public schools
8
Elementary
1
Middle
3
High
3
  • PARK RAPIDS AREA CENTURY ELEMENTARY

    Elementary · Grades PK–4 · PARK RAPIDS PUBLIC SCHOOL DISTRICT

    682 students

  • PARK RAPIDS SENIOR HIGH

    High · Grades 9–12 · PARK RAPIDS PUBLIC SCHOOL DISTRICT

    457 students

  • PARK RAPIDS AREA CENTURY MIDDLE

    Middle · Grades 5–8 · PARK RAPIDS PUBLIC SCHOOL DISTRICT

    442 students

  • HEADWATERS EDUC LEARNING PROGRAM

    High · Grades 9–12 · PARK RAPIDS PUBLIC SCHOOL DISTRICT

    52 students

  • Century Middle School Within A Sch

    Middle · Grades 5–8 · PARK RAPIDS PUBLIC SCHOOL DISTRICT

    22 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$1,603
Loan principal$253,665
Down payment$63,416
Total interest paid$323,536

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$2,060
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
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 56470?
The typical home in 56470 is worth $317,082, based on the Zillow Home Value Index.
Are home values rising in 56470?
Home values in 56470 are up 4.3% over the past year, and up 6.3% a year over five years.
What is the property tax rate in 56470?
The effective property tax rate in 56470 is 0.7% — roughly $2,327 a year on a typical home.
Who lives in 56470?
ZIP code 56470 has a population of 11,186 and a median household income of $67,500.

Compare ZIPs

Pit ZIP 56470 against any other ZIP — full side-by-side table.

Compare 56470

#Jump to section