Zip 56137 (Heron Lake, MN) Housing

The housing market in 56137 Heron Lake, MN is currently quite healthy. The median house value for the area is $144,400, lower than the US median of $338,100. However, it has experienced a higher one-year appreciation rate than the US as a whole at 9.54%, versus 8.27%. This indicates that the area is seeing positive growth in its housing market and may be attractive to potential home buyers or investors looking for an up-and-coming market.

The median home cost in Heron Lake (zip 56137) is $144,400. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Heron Lake (zip 56137) is up 14.7%.

Average Age of Homes

- The median age of Heron Lake (zip 56137) real estate is 66 years old

The Rental Market in Heron Lake (zip 56137)

- Renters make up 15.9% of the Heron Lake (zip 56137) population
- 0.8% of houses and apartments in Heron Lake (zip 56137), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Heron Lake, Minnesota	United States
	496.0	139,647,020.0
	76	42
	$144,400	$338,100
	14.7%	16.6%
	49.9%	57.0%
	74.6%	101.1%
	$10.06	$10.98
	$1,245	$2,690
	74.2%	57.4%
	13.3%	11.2%
	12.5%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	1.2%	0.7%
	0.0%	0.4%
	1.4%	3.6%
	9.9%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	6.5%	2.4%
	11.1%	2.8%
	18.5%	3.9%
	7.6%	4.5%
	11.7%	11.3%
	19.0%	13.0%
	16.6%	20.1%
	4.3%	13.6%
	0.8%	8.3%
	1.4%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.4%	13.6%
	5.4%	13.6%
	2.0%	13.6%
	5.2%	13.2%
	11.7%	14.8%
	2.0%	13.6%
	10.7%	10.0%
	8.3%	4.7%
	45.8%	12.2%

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