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Area data

Wood Lake, MN — ZIP 56297

Population: 811 (Census ACS)

The median home value in ZIP 56297 (Wood Lake, MN) is $178,371 — up 9.3% over the past year. Homes sell for a median $186,950 after a median 43 days on market. FEMA's National Risk Index rates the county's overall natural-hazard risk Very Low, with heatwave, winterweather the top-rated hazards. Cost of living is 11.4% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$178,371

Median home value

+9.3%

1-year change

43

Median days on market

Very Low

Hazard risk (county)

Home values & appreciation

Median home value
$178,371
1-year appreciation
+9.3%
3-year appreciation
+14.3%
5-year appreciation
+16.0%
10-year appreciation
+47.1%
All-time peak (2026-04)
$181,175
House Price Index (state)
442.4 (+2.4% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$186,950
Median price per sqft
$105
1-year sale-price change
+79.0%
Median days on market
43 days
Homes sold (recent period)
2
Sale-to-list ratio
99.6%
Active listings
2

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$706/mo
1BR fair-market rent
$799/mo
2BR fair-market rent
$1,014/mo
3BR fair-market rent
$1,290/mo
4BR fair-market rent
$1,468/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Low)
88.6 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Natural hazards & flood risk

Overall hazard risk (county)
Very Low
Top hazards (county)
heatWave, winterWeather
Notable hazard ratings (county)
hail: Relatively Low · drought: Relatively Low · tornado: Relatively Low · coldWave: Relatively Low · heatWave: Relatively Moderate · iceStorm: Relatively Low
Wildfire risk to homes (county)
Higher than 21% of US counties
Buildings in wildfire direct-exposure zone
44.9%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
45.0°F
Average high
57.0°F
Average low
34.0°F
Annual precipitation
28.9 in
Annual snowfall
43.5 in
USDA plant hardiness zone
4b (extreme annual low -25 to -20°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Amenities

National parks within ~60 mi
1
Nearest national park
Pipestone National Monument (58 mi)
Airports within 30 mi
13
Nearest airport
Granite Falls Municipal Airport / Lenzen-Roe Memorial Field (6 mi)
Nearest major airport
Redwood Falls Municipal Airport (RWF) (26 mi)
Hospitals nearby (~15 mi)
11
Hospitals include
CENTRACARE- RICE MEMORIAL HOSPITAL, CHILD AND ADOLESCENT BEHAVIORAL HEALTH HOSPITAL, SANFORD TRACY MEDICAL CENTER
Avg hospital rating (CMS)
2.5 / 5
Best hospital rating nearby (CMS)
3.0 / 5
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
0 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,946
Housing built before 1970
70.9%
Housing built 2000 or later
8.2%
Median annual property tax
$1,198
Mean commute to work
21 min
Households with broadband internet
67.6%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
2,550
Average weekly wage
$951
Top industries (by employment)
Accommodation & Food, Wholesale Trade, Construction
Annual residential building permits (county)
40

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 56297State medianUS median
Median home value$178,371$300,176$288,527
Median sale price$186,950$315,500$325,000
Median days on market43 days39 days51 days
Median annual property tax$1,198$2,128$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 56297?
$178,371.
What is the median sale price in ZIP 56297?
$186,950.
How long do homes take to sell in ZIP 56297?
Median days on market: 43 days.
What is typical rent in ZIP 56297?
2-bedroom fair-market rent: $1,014/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 56297?
Overall risk: Very Low (FEMA NRI, county-level). Top hazards: heatWave, winterWeather.
What is the wildfire risk in ZIP 56297?
Risk to homes is higher than 21% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 56297?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 56297?
No current or proposed National Priorities List sites within 5 miles (EPA).
What is the cost of living in ZIP 56297?
Regional Price Parity: 88.6 (100 = US average) (Low) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents