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Milroy 56263

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Minnesota
$118K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
4
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$147K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Apr 2026 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
201920212026
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
201920212026
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
201920212026
Financing (share of purchase price)For buyers who borrowed: the middle share of the price they financed, and the middle share they paid up front.Loan (LTV)Down payment
201920212026
Preforeclosure filingsForeclosure notices filed each month. A rise can be an early sign that more owners are struggling. Auction stage counts the filings that reached a scheduled foreclosure auction.FilingsAuction stage
FebNovMarJul

Housing Stock

HomesHow many homes we have records for in this area.183
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$147K
Median sizeThe middle home size here, measured in square feet.1,044 ft²
Median bedroomsThe middle bedroom count for homes here.3
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1930
Single familyThe share of homes here that are single-family houses.96%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.61%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.0%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.88%
Company ownedThe share of homes owned by a company or trust instead of a person.4.9%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.46%
Typical ownership tenureHow long the typical owner here has held their home.5.9 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.134
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.90
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.16

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.89%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.23%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.7.6%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.582
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.11 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$69K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$80K
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.27 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all ZIP codes nationally.

How Milroy 56263 compares

By median home value, Milroy 56263 is the 2nd most expensive of 11 ZIP codes in Redwood County, and its typical home is worth more than 58% of all homes in Redwood County.

Home values in Milroy 56263

Share of homes at each estimated value.

Median
$59K$445K
ZIP codes in Redwood County ranked by median home value
#Redwood CountyMedian valueHomes
1Redwood Falls 56283$171K2,528
2Milroy 56263$147K183
3Vesta 56292$147K234
4Lucan 56255$134K149
5Wabasso 56293$119K386
6Morgan 56266$107K617
7Belview 56214$105K290
8Walnut Grove 56180$104K447
9Clements 56224$102K139
10Sanborn 56083$89K321
11Lamberton 56152$74K511

About the Milroy 56263 market

What is the median home price in Milroy 56263, MN?

The median sale price in Milroy 56263, MN is $117,500 (data through April 2026), based on deeds recorded with the county.

How many homes sell in Milroy 56263, MN each year?

4 homes sold in Milroy 56263, MN over the last 12 months (data through April 2026). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Milroy 56263, MN?

Milroy 56263, MN contains 183 residential properties, with a median of 1,044 square feet, 3 bedrooms, built around 1930. The median TopHap Estimate is $147K.

How does Milroy 56263, MN compare to the rest of Redwood County?

By median home value, Milroy 56263, MN is the 2nd most expensive of 11 ZIP codes in Redwood County. Its typical home is worth more than 58% of all homes in Redwood County. Redwood Falls 56283 ranks just above it and Vesta 56292 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Milroy 56263, MN?

88% of homes in Milroy 56263, MN are owner-occupied. 5% are held by a company rather than an individual.

How much equity do owners in Milroy 56263, MN hold?

61% of mortgaged homes in Milroy 56263, MN are equity-rich, meaning the loan balance is under half the home's value. 0.0% owe more than the home is worth.

Nearby markets

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Explore Milroy 56263 on the map

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