56501, Detroit Lakes, MN Housing Market

ZIP code 56501's median home value is $369K, up 7.1% over the past year. Homes here sell in a median 44 days. Its PropertyIQ Score of 49 sits modestly below the state average of 50.

The 56501, Detroit Lakes, MN housing market operates at a level of granularity that broader geographic analyses miss entirely. PropertyIQ's ZIP-level scoring for 56501 captures neighborhood-specific demand patterns within MN, revealing micro-market trends that metro and county data average away. This hyperlocal intelligence is critical for making precise investment and homebuying decisions.

Midwestern ZIP codes frequently offer entry prices far below national medians, but performance varies dramatically even within the same city. PropertyIQ scores individual ZIP codes to identify which neighborhoods show the demand signals — fast sales, rising price momentum, few price cuts — that predict near-term appreciation. Within the Midwest, ZIP code 56501's PropertyIQ Score of 49 runs below the Midwest norm.

The PropertyIQ Score for 56501, Detroit Lakes, MN is built from four inputs measured at the ZIP-code level: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all ZIP codes nationally and calibrated so 50 equals the state average, so a score above 50 points to a micro-market positioned to outperform its state.

Use PropertyIQ's analytics tools to evaluate 56501, Detroit Lakes, MN alongside other ZIP codes and investment opportunities. The interactive map, ZIP-level rankings, and AI-generated reports provide the hyperlocal market intelligence that separates informed decisions from guesswork.