56258 — Redwood County, Minnesota Market Snapshot
Housing market data for zip code 56258 in Redwood County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
32 sales in 2026 (year to date)
Median Sale Price
$241,250
Days to Sell
6
Homes Sold
32
Inventory
13
Sale-to-List
102.1%
New Listings
44
Price/SqFt
$124
Pending Sales
37
Conforming Loan Available
Most homebuyers in 56258 can comfortably use conventional financing. The median home price of $241,250 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
56258 is an extremely competitive market with homes selling in just 6 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes in 56258 are selling 2.1% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 56258 can comfortably use conventional financing. The median home price of $241,250 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 56258 are set at the county level.
2026 Loan Limits — Redwood County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 56258
To purchase the median home at $241,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,998.
Monthly Payment
$1,998
Income Required
$85,645
Principal & Interest
$1,487/mo
Down Payment (5%)
$12,063
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 56258.
Estimated Monthly Payment
$1,643
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