ZIP Code Market Report
56245 — Hanley Falls, MN
Data through February 2026 · Updated monthly
Avg Home Value
$139,459
▲ 11.9% year-over-year
Month-over-Month
+0.5%
▲ 0.5%
Single Family
$135,271
Condo / Co-op
--
The average home value in the 56245 ZIP code (Hanley Falls, MINNESOTA) is $139,459 as of February 2026. Home prices are rising, up 11.9% compared to last year.
This report is part of the Yellow Medicine County market area in MINNESOTA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Yellow Medicine County report.
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Market Snapshot
56245 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $139,567 | $138,762 | $139,459 | ▼ 0.1% |
| Single Family Value | $129,972 | $132,652 | $135,271 | ▲ 4.1% |
Home Values
56245 Home Value Trend
Historical home values for ZIP code 56245. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 56245
How different property types compare in this ZIP code.
All Homes
$139,459
Single Family
$135,271
Top Tier
$329,766
Data Sources and Methodology
Home value data for ZIP code 56245 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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