56054
Lafayette, Minnesota.
Lafayette, Nicollet County, MN · Mankato, MN metro · population 853
to buy the typical home at today's mortgage rate — +$755 (+136%) since Jan 2020.
- 1 year
- Up $12,231 +5%
- $237,609$249,840 since Sep 2025
- 5 years
- Up $64,113 +35%
- $185,727$249,840 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.
- 56054$1,311
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in zip 56054 rose 5.1% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Nicollet County, MN 84% · Sibley County, MN 16%
Zillow also publishes an index for the city itself: Lafayette, MN — measured over the city limits, which is a different area from this zip.
Typical home value — 56054
Mid-tier homes, smoothed and seasonally adjusted.
- 56054$249,840
- Mankato$305,707
- 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 |
|---|---|---|---|---|---|
| 7.5 | 55396 | Winthrop | 2,288 | — | $239,974 |
| 10.1 | 56073 | New Ulm | 17,339 | — | $250,639 |
| 10.6 | 55334 | Gaylord | 2,727 | — | $267,404 |
| 10.8 | 55335 | Gibbon | 1,666 | — | $249,973 |
| 10.9 | 56021 | Courtland | 1,108 | — | $343,347 |
| 11.4 | 56074 | Nicollet | 1,845 | — | $323,356 |
| 17.3 | 55307 | Arlington | 2,981 | — | $290,893 |
| 17.6 | 55332 | Fairfax | 1,667 | — | $182,500 |
| 17.6 | 56082 | Saint Peter | 14,606 | $1,166 | $298,355 |
| 18.9 | 55312 | Brownton | 1,428 | — | $299,701 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.