56223
Montevideo, Minnesota.
Montevideo, Yellow Medicine County, MN · population 1,351
to buy the typical home at today's mortgage rate — +$441 (+121%) since Jan 2020.
- 1 year
- Up $8,175 +6%
- $145,332$153,507 since Sep 2025
- 5 years
- Up $24,909 +19%
- $128,598$153,507 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 56223$806
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 20 years.
Typical home values in zip 56223 rose 5.6% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Montevideo, MN — measured over the city limits, which is a different area from this zip.
Typical home value — 56223
Mid-tier homes, smoothed and seasonally adjusted.
- 56223$153,507
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 8.8 | 56245 | Hanley Falls | 441 | — | $143,199 |
| 11.9 | 56241 | Granite Falls | 3,933 | — | $187,914 |
| 12.5 | 56229 | Cottonwood | 1,672 | — | $253,314 |
| 15.2 | 56264 | Minneota | 2,277 | — | $205,959 |
| 15.7 | 56291 | Taunton | 397 | — | $259,437 |
| 15.8 | 56232 | Dawson | 2,379 | — | $199,274 |
| 16.2 | 56297 | Wood Lake | 811 | — | $178,977 |
| 17.8 | 56265 | Montevideo | 7,225 | — | $211,119 |
| 19.4 | 56280 | Porter | 530 | — | $266,134 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.