HousingHandbookReference data

U.S. ZIP Code · MN55985

Dodge County · Rochester, MN

Typical home value

$282,855[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+6.1%
5-year / yr
+6.7%
10-year / yr
+8.7%

Relative price

vs U.S.
≈ U.S. median
vs metro
-14.8%
vs state
-5.0%
ZIP 55985 location in MN
Location of ZIP 55985 in MN

Price history

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

The typical home in 55985 is worth $282,855 — 14.8% below the Rochester, MN median. Over the past year, values have risen 6.1%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.0%[3]
Typical annual tax
$2,762[3]

#Climate risk

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

Overall risk
Very Low[4]
Riverine flood
Very Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Very Low
Hurricane
Not Applicable
Tornado
Relatively Low
Earthquake
Very Low
Winter weather
Relatively Low

#Who lives here

Population
1,759[3]
Median household income
$83,636[3]

#Migration

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

Net migration
-59[5]
Moved in
557
Moved out
616

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 yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$1,430
Loan principal$226,284
Down payment$56,571
Total interest paid$288,613

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.

Own : rent ratio
Monthly cost to own$1,897
Monthly rent

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
79th percentile[1]
Rental yield
[2]
Property tax
64th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 55985?
The typical home in 55985 is worth $282,855, based on the Zillow Home Value Index.
Are home values rising in 55985?
Home values in 55985 are up 6.1% over the past year, and up 6.7% a year over five years.
What is the property tax rate in 55985?
The effective property tax rate in 55985 is 1.0% — roughly $2,762 a year on a typical home.
Who lives in 55985?
ZIP code 55985 has a population of 1,759 and a median household income of $83,636.

#Comparable ZIPs

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

  • Wabasha, MN

    Typical home
    $284,423
    Gross yield
  • Rushford Village, MN

    Typical home
    $279,672
    Gross yield
  • Preston, MN

    Typical home
    $274,571
    Gross yield
  • Dodge Center, MN

    Typical home
    $291,296
    Gross yield
  • Rochester, MN

    Typical home
    $293,667
    Gross yield
    6.9%
  • Plainview, MN

    Typical home
    $293,884
    Gross yield

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