Heron Lake, MN 56137

That's the average rate borrowers locked on October 22, 2026, from Optimal Blue's index of actual rate locks. On the median-priced home here, $207,000 with 10% down, it comes to $1,271 a month in principal and interest.

The typical home here costs $238 a month more than it did a year ago.

A year ago the median list price was about $188,000 and the 30-year rate was 6.17%: $1,033 a month with 10% down. Now it's $207,000 at 7.25%: $1,271.

Put the other way, last year's $1,033 a month buys about a $168,000 home at the latest rate.

Only 1 home was for sale in 56137 in September, too few for steady figures, so these are for Jackson County, MN.

On a typical day in September, 38 homes were for sale: 16% fewer than in August and 1.3% more than a year ago. During the month 10 new listings came on, and on a typical day 14 homes were under contract.

Homes spent a median of 115 days on the market, 43 days longer than a year ago. Sellers cut the price on 21% of listings, up 8 points from a year ago. The median list price was $207,000, or $107 a square foot: down 3.7% from August and up 9.7% from a year ago.

Balanced market. Judged on 36 homes under contract for every 100 for sale, 115 days on the market and price cuts on 21% of listings.

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