56387 — Waite Park, MN Home Values
Typical home value $257,662 as of June 2026 · 25th of 29 in St. Cloud, MN
Blue: typical home value (Zillow ZHVI) in ZIP code 56387, June 2021 to June 2026. This page shows observed data only; no forecast.
How 56387 compares in the St. Cloud, MN area
ZIP code 56387 (Waite Park, MN) has a typical home value of $257,662 as of June 2026, ranking 25th of 29 ZIP codes tracked in the St. Cloud, MN area, more expensive than about 17% of ZIP codes in the metro. Prices here have moved +1.9% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +28.0%, from $201,242 in June 2021 to $257,662 in June 2026. Against observed rent, the typical home here sells for 16.9× the annual rent ($1,267/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the St. Cloud, MN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in St. Cloud.
Population and demographics
ZIP code 56387 has a population of 7,705, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 57.9% White, 33.7% Black or African American, 4.6% Hispanic or Latino, 2.5% two or more races, 1.2% Asian, and 0.2% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Stride Academy K-8 Charter School | 3241 OAKHAM LN, SAINT CLOUD, MN | 1.3 mi |
| EC Sp Ed at Quarryview Ed Center | 800 7TH ST. S., WAITE PARK, MN | 1.5 mi |
| DISCOVERY COMMUNITY ELEMENTARY | 700 7TH ST S, WAITE PARK, MN | 1.5 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 56387?
$257,662 as of June 2026, the latest month Zillow has published observed data for.
Is 56387 an expensive ZIP code in the St. Cloud, MN area?
56387 ranks 25th of 29 ZIP codes in the St. Cloud, MN area by typical home value, more expensive than about 17% of ZIP codes in the metro.
How much have home values in 56387 changed over the past year?
+1.9% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 56387?
The typical home price is 16.9× the observed annual rent in this ZIP code ($1,267/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 56387?
7,705, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 56387?
Stride Academy K-8 Charter School (1.3 mi), EC Sp Ed at Quarryview Ed Center (1.5 mi), DISCOVERY COMMUNITY ELEMENTARY (1.5 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 56387?
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 St. Cloud, 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.