ZIP Code 56338 — Hillman, MN Home Prices (2026)
The typical home in ZIP 56338 (Hillman, Minnesota) is worth about $381,000 at roughly $374 per square foot — 6% more expensive than the Hillman median and 30% more expensive than the typical U.S. home.
How 56338 compares
ZIP 56338 is one of the pricier ZIP codes in Hillman: its typical home value of $381,000 ranks #1 of the 3 Hillman ZIP codes we track (the citywide range runs from $349,000 in 56329 to $381,000 in 56338). Per square foot it costs about $374, against $191 for Hillman as a whole, $189 for Minnesota, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 56338 | $381,000 | $374 |
| Hillman, MN | $359,000 | $191 |
| Minnesota | $304,000 | $189 |
| United States | $294,000 | $195 |
Home value by size in 56338
Using this ZIP’s rate of about $374 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $374,000 |
| 1,500 sq ft | $561,000 |
| 2,000 sq ft | $748,000 |
| 2,500 sq ft | $935,000 |
| 3,000 sq ft | $1,122,000 |
Salary needed to buy a home in ZIP 56338
To buy the typical $381,000 home in ZIP 56338 with 20% down, you need a household income of roughly $104,000 a year (about $2,420 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $123,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $19,100 | $3,010/mo | $129,000/yr |
| 10% (+PMI) | $38,100 | $2,870/mo | $123,000/yr |
| 20% | $76,200 | $2,420/mo | $104,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 56338
At about $374 per square foot, here is roughly how much home different budgets get you in ZIP 56338:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 530 sq ft | below the local median — condos, smaller or older homes |
| $250k | 670 sq ft | below the local median — condos, smaller or older homes |
| $300k | 800 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1070 sq ft | around the typical home here |
| $500k | 1340 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 56338 home.
Estimate a specific home in 56338
The estimator below is pre-set to ZIP 56338 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Hillman ZIP codes by home value
Where 56338 sits among Hillman’s 3 ZIP codes:
ZIP 56338 home prices: frequently asked
What is the average home price in ZIP code 56338? +
What is the price per square foot in 56338? +
What salary do you need to buy a house in ZIP 56338? +
Is 56338 an expensive ZIP code? +
See the full Hillman home values page, all Minnesota cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.