Median home value in zip code 56087 (Springfield, MN) is $203,134, up 12.8% year over year. Part of the New Ulm, MN metropolitan area.

Home Value$203,134

YoY Change

+12.8%

Prices rising — worse for buyers.

Affordability

Enter your income for 56087 (Springfield).

Income (annual)

Down Payment

$40,627 on $203,134

Example: $75,000 household income. Change it above to see your own.

Affordable21.9% of income

Under the 28% guideline.

PITI$1,367

P/I21.9%

Afford$260K

Room+$57K

P&I $1,027Tax $190Ins $150

6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

56087 is part of the New Ulm, MN metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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