56288 — Kandiyohi County, Minnesota Market Snapshot
Housing market data for zip code 56288 in Kandiyohi County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
16 sales in 2026 (year to date)
Median Sale Price
$358,940
Days to Sell
15
Homes Sold
16
Inventory
26
Sale-to-List
100.4%
New Listings
26
Price/SqFt
$171
Pending Sales
17
Conforming Loan Available
Most homebuyers in 56288 can comfortably use conventional financing. The median home price of $358,940 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
Homes in 56288 are moving quickly at 15 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 56288 (100.4% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 56288 can comfortably use conventional financing. The median home price of $358,940 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 56288 are set at the county level.
2026 Loan Limits — Kandiyohi 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 56288
To purchase the median home at $358,940 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,900.
Monthly Payment
$2,900
Income Required
$124,289
Principal & Interest
$2,212/mo
Down Payment (5%)
$17,947
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 56288.
Estimated Monthly Payment
$2,371
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