How much is a home worth in ZIP code 56560?

The typical home in 56560 is worth $286,468, based on the Zillow Home Value Index.

Are home values rising in 56560?

Home values in 56560 are up 2.4% over the past year, and up 4.5% a year over five years.

What is the typical rent in 56560?

A typical home in 56560 rents for about $1,395 a month, a gross rental yield of 5.8%.

What is the property tax rate in 56560?

The effective property tax rate in 56560 is 1.2% — roughly $3,340 a year on a typical home.

ZIP code 56560 has a population of 44,405 and a median household income of $75,406.

HousingHandbookReference data

…

U.S. ZIP Code · MN56560

Clay County · Fargo, ND-MN

Typical home value

$286,468^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.4%
5-year / yr: +4.5%
10-year / yr: +3.5%

Relative price

vs U.S.: ≈ U.S. median
vs metro: -10.6%
vs state: -3.8%

Price history

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

The typical home in 56560 is worth $286,468 — 10.6% below the Fargo, ND-MN median. Over the past year, values have risen 2.4%. Homes here rent for a typical $1,395 a month — a 5.8% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

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

Monthly rent: $1,395^[2]
Gross yield: 5.8%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $3,340^[3]

#Climate risk

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

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
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: 44,405^[3]
Median household income: $75,406^[3]

#Migration

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

Net migration: +78^[5]
Moved in: 2,100
Moved out: 2,022

Schools

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

Public schools: 16
Elementary: 6
Middle: 1
High: 6

HORIZON MIDDLE SCHOOL
Middle · Grades 5–8 · Moorhead Area Public Schools
2,167 students
MOORHEAD HIGH SCHOOL
High · Grades 9–12 · Moorhead Area Public Schools
2,017 students
S.G. Reinertsen Elementary
Elementary · Grades K–4 · Moorhead Area Public Schools
687 students
Dorothy Dodds Elementary School
Elementary · Grades K–4 · Moorhead Area Public Schools
624 students
Robert Asp Elementary
Elementary · Grades K–4 · Moorhead Area Public Schools
622 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 yield5.8%

Net yield (after ~40% expenses)3.5%

Annual rent$16,742

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$1,449

Loan principal$229,174

Down payment$57,294

Total interest paid$292,299

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 ratio1.41

Monthly cost to own$1,967

Monthly rent$1,395

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: 63rd percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 90th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 56560?: The typical home in 56560 is worth $286,468, based on the Zillow Home Value Index.
Are home values rising in 56560?: Home values in 56560 are up 2.4% over the past year, and up 4.5% a year over five years.
What is the typical rent in 56560?: A typical home in 56560 rents for about $1,395 a month, a gross rental yield of 5.8%.
What is the property tax rate in 56560?: The effective property tax rate in 56560 is 1.2% — roughly $3,340 a year on a typical home.
Who lives in 56560?: ZIP code 56560 has a population of 44,405 and a median household income of $75,406.

#Comparable ZIPs

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

58064 vs 56560 →
Page, ND
Typical home
$280,189
Gross yield
—
56529 vs 56560 →
Dilworth, MN
Typical home
$294,129
Gross yield
—
58052
Leonard, ND
Typical home
$273,002
Gross yield
—
58102
Fargo, ND
Typical home
$271,018
Gross yield
5.1%
56514
Barnesville, MN
Typical home
$303,784
Gross yield
—
58103
Fargo, ND
Typical home
$266,636
Gross yield
3.9%

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Pit ZIP 56560 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MN56560

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