56072 — New Richland, MN Home Values
Typical home value $283,832 as of June 2026 · 3rd of 4 in Owatonna, MN
Blue: typical home value (Zillow ZHVI) in ZIP code 56072, June 2021 to June 2026. This page shows observed data only; no forecast.
How 56072 compares in the Owatonna, MN area
ZIP code 56072 (New Richland, MN) has a typical home value of $283,832 as of June 2026, ranking 3rd of 4 ZIP codes tracked in the Owatonna, MN area, more expensive than about 50% of ZIP codes in the metro. Prices here have moved +6.1% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +35.2%, from $209,934 in June 2021 to $283,832 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Owatonna, MN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Owatonna.
Population and demographics
ZIP code 56072 has a population of 2,147, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 95% White, 2.1% two or more races, 2% Hispanic or Latino, 0.5% Black or African American, and 0.4% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| NRHEG SECONDARY | 306 ASH AVE S, NEW RICHLAND, MN | 1.2 mi |
| NRHEG ELEMENTARY | 600 SCHOOL ST, ELLENDALE, MN | 11.1 mi |
| SWMetro Waseca-Transitions | 501 EAST ELM AVE, WASECA, MN | 12.4 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 56072?
$283,832 as of June 2026, the latest month Zillow has published observed data for.
Is 56072 an expensive ZIP code in the Owatonna, MN area?
56072 ranks 3rd of 4 ZIP codes in the Owatonna, MN area by typical home value, more expensive than about 50% of ZIP codes in the metro.
How much have home values in 56072 changed over the past year?
+6.1% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 56072?
2,147, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 56072?
NRHEG SECONDARY (1.2 mi), NRHEG ELEMENTARY (11.1 mi), SWMetro Waseca-Transitions (12.4 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 56072?
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 Owatonna, 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.