U.S. ZIP Code · MN55060
Steele County
Appreciation
- 1-year
- +2.9%
- 5-year / yr
- +5.9%
- 10-year / yr
- +6.6%
Relative price
- vs U.S.
- +4.6%
- vs metro
- —
- vs state
- ≈ state median
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 55060 is worth $297,205. Over the past year, values have risen 2.9%. Homes here rent for a typical $1,169 a month — a 4.7% gross rental yield. The effective property tax rate is 1.2%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Steele County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Very Low[4]
- Riverine flood
- Relatively Low
- Coastal flood
- Not Applicable
- Wildfire
- Very Low
- Drought
- Relatively Moderate
- Heat wave
- Very Low
- Hurricane
- Not Applicable
- Tornado
- Relatively Moderate
- Earthquake
- Very Low
- Winter weather
- Relatively Low
#Who lives here
#Migration
Household moves in and out of Steele County over a year, from IRS tax-return data.
- Net migration
- -40[5]
- Moved in
- 925
- Moved out
- 965
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 15
- Elementary
- 5
- Middle
- 3
- High
- 6
OWATONNA SENIOR HIGH
High · Grades 9–12 · OWATONNA PUBLIC SCHOOL DISTRICT
1,494 students
Owatonna Middle School
Middle · Grades 6–8 · OWATONNA PUBLIC SCHOOL DISTRICT
1,015 students
LINCOLN ELEMENTARY
Elementary · Grades K–6 · OWATONNA PUBLIC SCHOOL DISTRICT
609 students
WILSON ELEMENTARY
Elementary · Grades PK–5 · OWATONNA PUBLIC SCHOOL DISTRICT
560 students
WASHINGTON ELEMENTARY
Elementary · Grades K–5 · OWATONNA PUBLIC SCHOOL DISTRICT
484 students
Run the numbers
Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.
Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.
Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.
Renting is meaningfully cheaper month-to-month.
This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.
#Metro ranking
Where this ZIP sits among others in its metro area.
Frequently asked
- How much is a home worth in ZIP code 55060?
- The typical home in 55060 is worth $297,205, based on the Zillow Home Value Index.
- Are home values rising in 55060?
- Home values in 55060 are up 2.9% over the past year, and up 5.9% a year over five years.
- What is the typical rent in 55060?
- A typical home in 55060 rents for about $1,169 a month, a gross rental yield of 4.7%.
- What is the property tax rate in 55060?
- The effective property tax rate in 55060 is 1.2% — roughly $3,548 a year on a typical home.
- Who lives in 55060?
- ZIP code 55060 has a population of 29,599 and a median household income of $84,906.
Compare ZIPs
Pit ZIP 55060 against any other ZIP — full side-by-side table.
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