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

Full stress scores, AI analysis, and 12-month forecast: New Ulm, MN metro →

Home Value$203,134

YoY Change

+12.8%

AFFORDABILITY

Enter your income for 56087 (Springfield).

Income (annual)

Down Payment

$40,627 on $203,134

Affordable — 21.9% 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.

View New Ulm, MN analysis

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