U.S. ZIP Code · MN56701
Pennington County
Appreciation
- 1-year
- -3.5%
- 5-year / yr
- -0.1%
- 10-year / yr
- +0.4%
Relative price
- vs U.S.
- -32.5%
- vs metro
- —
- vs state
- -35.6%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 56701 is worth $191,855. Over the past year, values have fallen 3.5%. The effective property tax rate is 1.1%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Pennington 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
- 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
#Migration
Household moves in and out of Pennington County over a year, from IRS tax-return data.
- Net migration
- -27[5]
- Moved in
- 368
- Moved out
- 395
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 5
- Elementary
- 1
- Middle
- 1
- High
- 3
CHALLENGER ELEMENTARY
Elementary · Grades PK–5 · THIEF RIVER FALLS SCHOOL DISTRICT
781 students
LINCOLN SENIOR HIGH
High · Grades 9–12 · THIEF RIVER FALLS SCHOOL DISTRICT
565 students
FRANKLIN MIDDLE
Middle · Grades 6–8 · THIEF RIVER FALLS SCHOOL DISTRICT
436 students
NORTHWEST AREA LEARNING CENTER
High · Grades 9–12 · THIEF RIVER FALLS SCHOOL DISTRICT
29 students
Summer NW Area Learning Center
High · Grades 9–12 · THIEF RIVER FALLS 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.
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.
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.
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.
Frequently asked
- How much is a home worth in ZIP code 56701?
- The typical home in 56701 is worth $191,855, based on the Zillow Home Value Index.
- Are home values rising in 56701?
- Home values in 56701 are down 3.5% over the past year, and down 0.1% a year over five years.
- What is the property tax rate in 56701?
- The effective property tax rate in 56701 is 1.1% — roughly $2,083 a year on a typical home.
- Who lives in 56701?
- ZIP code 56701 has a population of 12,705 and a median household income of $78,599.
Compare ZIPs
Pit ZIP 56701 against any other ZIP — full side-by-side table.
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