How much is a home worth in ZIP code 55904?

The typical home in 55904 is worth $293,667, based on the Zillow Home Value Index.

Are home values rising in 55904?

Home values in 55904 are up 4.6% over the past year, and up 4.6% a year over five years.

What is the typical rent in 55904?

A typical home in 55904 rents for about $1,699 a month, a gross rental yield of 6.9%.

What is the property tax rate in 55904?

The effective property tax rate in 55904 is 0.9% — roughly $2,660 a year on a typical home.

ZIP code 55904 has a population of 29,639 and a median household income of $77,016.

HousingHandbookReference data

…

U.S. ZIP Code · MN55904

Olmsted County · Rochester, MN

Typical home value

$293,667^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.6%
5-year / yr: +4.6%
10-year / yr: +6.5%

Relative price

vs U.S.: +3.4%
vs metro: -11.5%
vs state: -1.4%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 55904 is worth $293,667 — 11.5% below the Rochester, MN median. Over the past year, values have risen 4.6%. Homes here rent for a typical $1,699 a month — a 6.9% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,699^[2]
Gross yield: 6.9%^[2]
Cap rate: 4.2%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.9%^[3]
Typical annual tax: $2,660^[3]

#Climate risk

FEMA National Risk Index ratings for Olmsted County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Low
Hurricane: No Rating
Tornado: Relatively Moderate
Earthquake: Very Low
Winter weather: Relatively Moderate

#Who lives here

Population: 29,639^[3]
Median household income: $77,016^[3]

#Migration

Household moves in and out of Olmsted County over a year, from IRS tax-return data.

Net migration: -219^[5]
Moved in: 4,895
Moved out: 5,114

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 25
Elementary: 7
Middle: 3
High: 11

Mayo Senior High
High · Grades 8–12 · ROCHESTER PUBLIC SCHOOL DISTRICT
1,820 students
WILLOW CREEK MIDDLE
Middle · Grades 6–8 · ROCHESTER PUBLIC SCHOOL DISTRICT
834 students
FRANKLIN ELEMENTARY
Elementary · Grades PK–5 · ROCHESTER PUBLIC SCHOOL DISTRICT
492 students
Lincoln K-8 District-Wide School
Elementary · Grades K–8 · ROCHESTER PUBLIC SCHOOL DISTRICT
488 students
RIVERSIDE CENTRAL ELEMENTARY
Elementary · Grades PK–5 · ROCHESTER PUBLIC SCHOOL DISTRICT
388 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.

Home value$Monthly rent$

Gross yield6.9%

Net yield (after ~40% expenses)4.2%

Annual rent$20,394

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,485

Loan principal$234,934

Down payment$58,733

Total interest paid$299,645

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.15

Monthly cost to own$1,952

Monthly rent$1,699

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.

Appreciation: 24th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 42nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55904?: The typical home in 55904 is worth $293,667, based on the Zillow Home Value Index.
Are home values rising in 55904?: Home values in 55904 are up 4.6% over the past year, and up 4.6% a year over five years.
What is the typical rent in 55904?: A typical home in 55904 rents for about $1,699 a month, a gross rental yield of 6.9%.
What is the property tax rate in 55904?: The effective property tax rate in 55904 is 0.9% — roughly $2,660 a year on a typical home.
Who lives in 55904?: ZIP code 55904 has a population of 29,639 and a median household income of $77,016.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

55964 vs 55904 →
Plainview, MN
Typical home
$293,884
Gross yield
—
55927 vs 55904 →
Dodge Center, MN
Typical home
$291,296
Gross yield
—
55981
Wabasha, MN
Typical home
$284,423
Gross yield
—
55985
West Concord, MN
Typical home
$282,855
Gross yield
—
55971
Rushford Village, MN
Typical home
$279,672
Gross yield
—
55924
Claremont, MN
Typical home
$309,437
Gross yield
—

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#Jump to section

U.S. ZIP Code · MN55904

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