56085 — Sleepy Eye, MN Home Values
Typical home value $266,806 as of August 2026 · 3rd of 7 in New Ulm, MN
Blue: typical home value (Zillow ZHVI) in ZIP code 56085, August 2021 to August 2026. This page shows observed data only; no forecast.
How 56085 compares in the New Ulm, MN area
ZIP code 56085 (Sleepy Eye, MN) has a typical home value of $266,806 as of August 2026, ranking 3rd of 7 ZIP codes tracked in the New Ulm, MN area, more expensive than about 71% of ZIP codes in the metro. Prices here have moved +10.2% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +43.9%, from $185,414 in August 2021 to $266,806 in August 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the New Ulm, MN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in New Ulm.
Population and demographics
ZIP code 56085 has a population of 5,013, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 86.5% White, 11.9% Hispanic or Latino, and 1.5% two or more races.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| SLEEPY EYE SEC. | 400 4TH AVE SW, SLEEPY EYE, MN | 0.3 mi |
| SLEEPY EYE ELEMENTARY | 400 4TH AVE SW, SLEEPY EYE, MN | 0.3 mi |
| NEW ULM HIGH SCHOOL | 1600 OAK STREET, NEW ULM, MN | 12.2 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 56085?
$266,806 as of August 2026, the latest month Zillow has published observed data for.
Is 56085 an expensive ZIP code in the New Ulm, MN area?
56085 ranks 3rd of 7 ZIP codes in the New Ulm, MN area by typical home value, more expensive than about 71% of ZIP codes in the metro.
How much have home values in 56085 changed over the past year?
+10.2% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 56085?
5,013, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 56085?
SLEEPY EYE SEC. (0.3 mi), SLEEPY EYE ELEMENTARY (0.3 mi), NEW ULM HIGH SCHOOL (12.2 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 56085?
No. Every number on this page is observed Zillow data as of August 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the New Ulm, 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.