How much is a home worth in ZIP code 55906?

The typical home in 55906 is worth $397,627, based on the Zillow Home Value Index.

Are home values rising in 55906?

Home values in 55906 are up 3.8% over the past year, and up 4.1% a year over five years.

What is the typical rent in 55906?

A typical home in 55906 rents for about $1,375 a month, a gross rental yield of 4.2%.

What is the property tax rate in 55906?

The effective property tax rate in 55906 is 1.0% — roughly $3,858 a year on a typical home.

ZIP code 55906 has a population of 20,437 and a median household income of $93,685.

HousingHandbookReference data

…

U.S. ZIP Code · MN55906

Olmsted County · Rochester, MN

Typical home value

$397,627^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.8%
5-year / yr: +4.1%
10-year / yr: +5.5%

Relative price

vs U.S.: +40.0%
vs metro: +19.8%
vs state: +33.5%

Price history

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

The typical home in 55906 is worth $397,627 — 19.8% above the Rochester, MN median. Over the past year, values have risen 3.8%. Homes here rent for a typical $1,375 a month — a 4.2% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent: $1,375^[2]
Gross yield: 4.2%^[2]
Cap rate: 2.5%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $3,858^[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: 20,437^[3]
Median household income: $93,685^[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: 5
Elementary: 2
Middle: 1
High: 2

CENTURY SENIOR HIGH
High · Grades 8–12 · ROCHESTER PUBLIC SCHOOL DISTRICT
1,722 students
KELLOGG MIDDLE
Middle · Grades 6–8 · ROCHESTER PUBLIC SCHOOL DISTRICT
781 students
JEFFERSON ELEMENTARY
Elementary · Grades PK–5 · ROCHESTER PUBLIC SCHOOL DISTRICT
488 students
CHURCHILL ELEMENTARY
Elementary · Grades PK–2 · ROCHESTER PUBLIC SCHOOL DISTRICT
195 students
LEAP Launching Emerging Adults Prg
High · Grades 9–12 · ROCHESTER PUBLIC SCHOOL DISTRICT
6 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 yield4.2%

Net yield (after ~40% expenses)2.5%

Annual rent$16,502

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$2,011

Loan principal$318,102

Down payment$79,525

Total interest paid$405,721

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 ratio1.94

Monthly cost to own$2,663

Monthly rent$1,375

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: 0th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 58th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55906?: The typical home in 55906 is worth $397,627, based on the Zillow Home Value Index.
Are home values rising in 55906?: Home values in 55906 are up 3.8% over the past year, and up 4.1% a year over five years.
What is the typical rent in 55906?: A typical home in 55906 rents for about $1,375 a month, a gross rental yield of 4.2%.
What is the property tax rate in 55906?: The effective property tax rate in 55906 is 1.0% — roughly $3,858 a year on a typical home.
Who lives in 55906?: ZIP code 55906 has a population of 20,437 and a median household income of $93,685.

#Comparable ZIPs

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

55920 vs 55906 →
Byron, MN
Typical home
$401,393
Gross yield
—
55957 vs 55906 →
Millville, MN
Typical home
$410,118
Gross yield
—
55962
Rushford Village, MN
Typical home
$375,837
Gross yield
—
55956
Mazeppa, MN
Typical home
$374,253
Gross yield
—
55991
Zumbro Falls, MN
Typical home
$429,425
Gross yield
—
55935
Fountain, MN
Typical home
$361,163
Gross yield
—

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#Jump to section

U.S. ZIP Code · MN55906

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