51360 — Jackson County, Minnesota Market Snapshot
Housing market data for zip code 51360 in Jackson County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
43 sales in 2026 (year to date)
Median Sale Price
$420,000
Days to Sell
52
Homes Sold
43
Inventory
78
Sale-to-List
95.9%
New Listings
79
Price/SqFt
$217
Pending Sales
53
Conforming Loan Available
Most homebuyers in 51360 can comfortably use conventional financing. The median home price of $420,000 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
51360's market is balanced with homes taking an average of 52 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 51360 sells for 4.1% below asking price (95.9% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 51360 can comfortably use conventional financing. The median home price of $420,000 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 51360 are set at the county level.
2026 Loan Limits — Jackson 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 51360
To purchase the median home at $420,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,368.
Monthly Payment
$3,368
Income Required
$144,339
Principal & Interest
$2,588/mo
Down Payment (5%)
$21,000
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 51360.
Estimated Monthly Payment
$2,749
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