SIALIMStatistical Intelligence for America's Local Investment Markets

56087Springfield, MN Home Values

Typical home value $217,101 as of June 2026 · 6th of 7 in New Ulm, MN

Typical value — June 2026
$217,101
observed, not a forecast
Past 12 months
+12.2%
trailing year-over-year change
Past 5 years
+49.4%
June 2021 to June 2026
Rank in metro
6th
of 7 ZIP codes, by value

Blue: typical home value (Zillow ZHVI) in ZIP code 56087, June 2021 to June 2026. This page shows observed data only; no forecast.

How 56087 compares in the New Ulm, MN area

ZIP code 56087 (Springfield, MN) has a typical home value of $217,101 as of June 2026, ranking 6th of 7 ZIP codes tracked in the New Ulm, MN area, more expensive than about 29% of ZIP codes in the metro. Prices here have moved +12.2% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +49.4%, from $145,336 in June 2021 to $217,101 in June 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 56087 has a population of 3,240, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 96.3% White, 1.7% Hispanic or Latino, 0.7% Black or African American, 0.7% American Indian or Alaska Native, 0.5% two or more races, and 0.2% Asian.

Nearby public schools

SchoolAddressDistance
SPRINGFIELD SECONDARY12 S BURNS, SPRINGFIELD, MN0.4 mi
SPRINGFIELD ELEMENTARY12 S BURNS, SPRINGFIELD, MN0.4 mi
COMFREY ELEMENTARY305 OCHRE ST W, COMFREY, MN9.7 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 56087?

$217,101 as of June 2026, the latest month Zillow has published observed data for.

Is 56087 an expensive ZIP code in the New Ulm, MN area?

56087 ranks 6th of 7 ZIP codes in the New Ulm, MN area by typical home value, more expensive than about 29% of ZIP codes in the metro.

How much have home values in 56087 changed over the past year?

+12.2% over the trailing 12 months, from observed Zillow data.

What is the population of ZIP code 56087?

3,240, per the US Census Bureau's American Community Survey 5-year estimate.

What are the closest public schools to ZIP code 56087?

SPRINGFIELD SECONDARY (0.4 mi), SPRINGFIELD ELEMENTARY (0.4 mi), COMFREY ELEMENTARY (9.7 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 56087?

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 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.