Hanley Falls, Minnesota.
Typical home $143,434 (+6.3% in a year).
to buy the typical home at today's mortgage rate — +$358 (+91%) since Feb 2021.
- 1 year
- Up $8,494 +6%
- $134,940$143,434 since Sep 2025
- 5 years
- Up $16,045 +13%
- $127,390$143,434 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.
- Hanley Falls$753
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 29 years.
Typical home values in Hanley Falls, MN rose 6.3% over the past year — faster than the nation's +1.2%.
Living in Hanley Falls, Yellow Medicine County, Minnesota
Hanley Falls is a city of 243 people in Yellow Medicine County. Unemployment in Yellow Medicine County was 5.9% in August 2026, and the county had 0.3% fewer jobs in 2025 than the year before. The most people in Yellow Medicine County work in schools and health care, then farming.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Hanley Falls is a very small city in Yellow Medicine County, in the farm country of southwestern Minnesota. Homes here cost far less than in most of the country, and few adults hold a four-year degree. Winters are cold and snowy, with January the coldest month, and summers are warm, with July the warmest and moderate rain across the year.
Work. Residents work mostly in schools, hospitals and social care, followed by farming, forestry and mining, then shops and manufacturing. Across Yellow Medicine County, some of the largest workplaces are Minnesota West Community and Technical College, Yellow Medicine East Schools and Avera Granite Falls. Unemployment across the county is higher than a year earlier, and the number of jobs has slipped slightly. Few people work from home, and the typical commute is a fairly long one.
Things to do. Spring Creek runs in or beside town, as does the Minnesota Machinery Museum, a good stop for anyone curious about farm equipment and local history. A short drive away is Upper Sioux Agency State Park, an archaeological site, and the Fagen Fighters WWII Museum is also a short drive away. Wood Lake, also a short drive away, is another place to get out on the water.
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- 7%of adults have a degree
- 11%below the poverty line
- 25 mintypical commute
- 2%work from home
What people in Yellow Medicine County work in
Employed residents by industry, from the Census survey. Yellow Medicine County had 3,610 jobs in 2025, 0.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 24° and lows near 3°; warmest in July, with highs near 85° and lows near 60°. About 52 inches of snow and 29 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Granite Falls weather station, 9 miles away (NOAA).
Largest workplaces in Yellow Medicine County
- Minnesota West Community and Technical CollegeTwo-year college254
- Yellow Medicine East SchoolsSchool district112FTE
- Avera Granite FallsCritical access hospital108FTE
- Sanford Hospital CanbyCritical access hospital91FTE
- Canby Public School DistrictSchool district81FTE
- Clarkfield Care CenterNursing homes62
- City of Granite FallsCity and town managers' offices52
- UPSCouriers and express delivery services48
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 19 workplaces with 20 or more staff, 1,134 people in all across the county; Hanley Falls has none of its own. Colleges come from IPEDS (NCES, 2023–24), school districts from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Heat wavesVery high
- Winter weatherVery high
- Strong windRelatively high
- Cold wavesRelatively high
- DroughtRelatively moderate
- HailRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Hanley Falls’ census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Yellow Medicine County.
Hanley Falls home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Hanley Falls$143,434
- Minnesota$348,778
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Zip codes with a Hanley Falls address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Hanley Falls — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.