56266
Franklin, Minnesota.
Franklin, Redwood County, MN · New Ulm, MN metro · population 1,583
to buy the typical home at today's mortgage rate — +$577 (+140%) since Jan 2020.
- 1 year
- Up $10,285 +6%
- $178,192$188,476 since Sep 2025
- 5 years
- Up $55,566 +42%
- $132,910$188,476 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.
- 56266$989
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in zip 56266 rose 5.8% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Redwood County, MN 76% · Brown County, MN 24%
Zillow also publishes an index for the city itself: Franklin, MN — measured over the city limits, which is a different area from this zip.
Typical home value — 56266
Mid-tier homes, smoothed and seasonally adjusted.
- 56266$188,476
- New Ulm$247,203
- 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 |
|---|---|---|---|---|---|
| 10.2 | 55333 | Franklin | 698 | — | $172,048 |
| 10.5 | 56270 | Morton | 1,076 | — | $145,565 |
| 12.3 | 56085 | Sleepy Eye | 5,047 | — | $263,564 |
| 12.4 | 55332 | Fairfax | 1,667 | — | $182,500 |
| 12.6 | 56087 | Springfield | 3,105 | — | $211,810 |
| 13.8 | 56283 | Redwood Falls | 6,481 | — | $201,536 |
| 18.1 | 56083 | Sanborn | 741 | — | $209,868 |
| 19.7 | 55335 | Gibbon | 1,666 | — | $249,973 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.