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Area data

Lake Crystal, MN — ZIP 56055

Population: 3,898 (Census ACS)

The median home value in ZIP 56055 (Lake Crystal, MN) is $288,036 — up 3.5% over the past year. Homes sell for a median $206,000 after a median 8 days on market. 4 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with coldwave, strongwind, 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

$288,036

Median home value

+3.5%

1-year change

8

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Median home value
$288,036
1-year appreciation
+3.5%
3-year appreciation
+14.5%
5-year appreciation
+30.1%
10-year appreciation
+83.7%
All-time peak (2026-04)
$290,507
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
$206,000
Median list price
$281,750
Median price per sqft
$120
1-year sale-price change
-33.1%
Median days on market
8 days
Homes sold (recent period)
7
For-sale inventory
16
Sale-to-list ratio
102.5%
Active listings
19
1-year forecast
+3.7%
New listings (monthly)
5

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

Rents

Studio fair-market rent
$1,016/mo
1BR fair-market rent
$1,023/mo
2BR fair-market rent
$1,230/mo
3BR fair-market rent
$1,703/mo
4BR fair-market rent
$1,744/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)

Schools

Total schools
4
Elementary schools
1
Middle schools
0
High schools
2
Avg student-teacher ratio
13.5 : 1
Schools include
Lk Crystal Wellcome Memorial El, Lake Crystal-Wellcome Memorial Sec, LCWM ECSE, LCWM ALP

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
coldWave, strongWind, winterWeather, drought, hail
Notable hazard ratings (county)
hail: Relatively Moderate · drought: Relatively Moderate · tornado: Relatively Moderate · coldWave: Relatively High · heatWave: Relatively Low · iceStorm: Relatively Low
Wildfire risk to homes (county)
Higher than 13% of US counties
Buildings in wildfire direct-exposure zone
31.8%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Lehillier/Mankato Site (8.6 mi)
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
46.0°F
Average high
55.0°F
Average low
36.0°F
Annual precipitation
34.0 in
Annual snowfall
47.2 in
USDA plant hardiness zone
5a (extreme annual low -20 to -15°F)

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

Air quality

Air quality rating
Good
Median AQI (annual)
42
Days with Good air quality
233
Days with Moderate air quality
110
Days with Unhealthy air quality
5
Highest AQI recorded (year)
180

Source: EPA air quality data (nearest monitoring station, annual)

Amenities

Airports within 30 mi
15
Nearest airport
Michels Farms Airport (6 mi)
Hospitals nearby (~15 mi)
12
Hospitals include
MAYO CLINIC HEALTH SYSTEM - MANKATO, MAYO CLINIC HEALTH SYSTEM - FAIRMONT, RIDGEVIEW SIBLEY MEDICAL CENTER
Avg hospital rating (CMS)
4.4 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

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

Migration

Net migration (county)
-417 tax filers

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

Housing stock

Median year housing built
1,970
Housing built before 1970
50.0%
Housing built 2000 or later
20.2%
Median annual property tax
$1,997
Mean commute to work
23 min
Households with broadband internet
71.0%

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

Employment & development

Total county employment
36,497
Average weekly wage
$1,111
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
274

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

How it compares

ZIP 56055State medianUS median
Median home value$288,036$300,176$288,527
Median sale price$206,000$315,500$325,000
Median days on market8 days39 days51 days
Median annual property tax$1,997$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 56055?
$288,036.
What is the median sale price in ZIP 56055?
$206,000.
How long do homes take to sell in ZIP 56055?
Median days on market: 8 days.
What is typical rent in ZIP 56055?
2-bedroom fair-market rent: $1,230/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 56055?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: coldWave, strongWind, winterWeather, drought, hail.
What is the wildfire risk in ZIP 56055?
Risk to homes is higher than 13% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 56055?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 56055?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 56055?
4 schools (1 elementary, 2 high) (NCES, 2022-23).
What is the air quality in ZIP 56055?
Good. Median AQI: 42. (EPA AQI).
What is the cost of living in ZIP 56055?
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