HousingHandbookReference data

U.S. ZIP Code · MN56501

Becker County

Typical home value

$363,659[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.2%
5-year / yr
+5.4%
10-year / yr
+5.4%

Relative price

vs U.S.
+28.0%
vs metro
vs state
+22.1%
ZIP 56501 location in MN
Location of ZIP 56501 in MN

Price history

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

The typical home in 56501 is worth $363,659. Over the past year, values have risen 3.2%. 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
$2,730[3]

#Climate risk

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

#Who lives here

Population
18,004[3]
Median household income
$70,037[3]

#Migration

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

Net migration
+21[5]
Moved in
886
Moved out
865

Schools

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

Public schools
12
Elementary
2
Middle
2
High
7
  • DETROIT LAKES SENIOR HIGH

    High · Grades 9–12 · DETROIT LAKES PUBLIC SCHOOL DIST.

    851 students

  • DETROIT LAKES MIDDLE

    Middle · Grades 6–8 · DETROIT LAKES PUBLIC SCHOOL DIST.

    615 students

  • ROSSMAN ELEMENTARY

    Elementary · Grades PK–5 · DETROIT LAKES PUBLIC SCHOOL DIST.

    592 students

  • ROOSEVELT ELEMENTARY

    Elementary · Grades PK–5 · DETROIT LAKES PUBLIC SCHOOL DIST.

    583 students

  • LINCOLN EARLY CHILDHOOD ED. CENTER

    Prekindergarten · Grades PK · DETROIT LAKES PUBLIC SCHOOL DIST.

    75 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$1,839
Loan principal$290,927
Down payment$72,732
Total interest paid$371,061

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$2,369
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 56501?
The typical home in 56501 is worth $363,659, based on the Zillow Home Value Index.
Are home values rising in 56501?
Home values in 56501 are up 3.2% over the past year, and up 5.4% a year over five years.
What is the property tax rate in 56501?
The effective property tax rate in 56501 is 0.8% — roughly $2,730 a year on a typical home.
Who lives in 56501?
ZIP code 56501 has a population of 18,004 and a median household income of $70,037.

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