56054 — Lafayette, MN Home Values
Typical home value $258,969 as of June 2026 · 13th of 22 in Mankato, MN
Blue: typical home value (Zillow ZHVI) in ZIP code 56054, June 2021 to June 2026. This page shows observed data only; no forecast.
How 56054 compares in the Mankato, MN area
ZIP code 56054 (Lafayette, MN) has a typical home value of $258,969 as of June 2026, ranking 13th of 22 ZIP codes tracked in the Mankato, MN area, more expensive than about 45% of ZIP codes in the metro. Prices here have moved +9.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +36.6%, from $189,601 in June 2021 to $258,969 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Mankato, MN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Mankato.
Population and demographics
ZIP code 56054 has a population of 865, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 98.2% White, 1.3% two or more races, and 0.5% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| LAFAYETTE PUBLIC CHARTER SCHOOL | 351 6TH ST, LAFAYETTE, MN | 1.5 mi |
| GFW Middle School | 1001 N COTTONWOOD ST, WINTHROP, MN | 7.5 mi |
| GFW High School | 1001 N COTTONWOOD ST, WINTHROP, MN | 7.5 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 56054?
$258,969 as of June 2026, the latest month Zillow has published observed data for.
Is 56054 an expensive ZIP code in the Mankato, MN area?
56054 ranks 13th of 22 ZIP codes in the Mankato, MN area by typical home value, more expensive than about 45% of ZIP codes in the metro.
How much have home values in 56054 changed over the past year?
+9.8% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 56054?
865, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 56054?
LAFAYETTE PUBLIC CHARTER SCHOOL (1.5 mi), GFW Middle School (7.5 mi), GFW High School (7.5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 56054?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Mankato, MN forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.