The story of this market
The typical home in Olmsted County, Minnesota sells for about $335,500, or $178 per square foot.
Prices are up +5.6% from a year ago, so sellers still have some momentum. Homes take about 25 days to sell, which is fast. Over the long run, values in this county have grown 127% since 2000. Last year 24 of 34 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is cold wave, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,422 a month.
HUD sets the fair market rent for a 2-bedroom at $1,422 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
+2.9%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+11.8%). Worst: 2010 (-4.4%). Hover to read a year.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,969
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+2.9%
2025 change
FHFA repeat-sales index, median of 34 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
68
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $93,578,525.
Mortgage activity
Home lending in this county
86.7%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 7470 | 4996 | 86.7% | 7.5% | $225,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Olmsted County, Minnesota
Olmsted County's housing market remains resilient, characterized by steady price appreciation and a healthy demand driven by the Mayo Clinic's presence. While inventory levels have increased year-over-year, the market maintains a competitive edge with homes selling relatively quickly. Buyers continue to face a tight supply of entry-level homes, keeping upward pressure on prices.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 8 cities · 14 ZIP reports
Median prices moved up 1.3% year over year.
Homes spend a median of 22 days on market with 0.2 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 95.04% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 7.2% — a stable, low-distress profile.
Deterministic aggregate of 13 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Olmsted County, Minnesota — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Sep 14, 2026.
researched Sep 23
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| 55901 | Rochester | $333,000 | $183 | +6.3% | 16 | — | — | — | 878 | $1,403 | researched Sep 23 |
| 55902 | Rochester | $430,000 | $167 | +0.8% | 21 | 100% | — | — | 348 | $1,703 | researched Sep 23 |
| 55903 | Rochester | $350,000 | $183 | +6.3% | 16 | — | — | 1.4 | 960 | $1,422 | researched Sep 23 |
| 55904 | Rochester | $349,691 | $183 | +6.3% | 16 | 100% | 33.1% | 2.1 | 1,040 | $1,304 | researched Sep 23 |
| 55905 | Rochester | $365,000 | $173 | -0.3% | 24 | 100% | — | 3.1 | 407 | $2,200 | researched Sep 23 |
| 55906 | Rochester | $500,000 | $213 | +6.3% | 65 | — | — | — | 89 | $1,196 | researched Sep 23 |
| 55920 | Byron | — | $205 | +3.5% | 45 | 98.5% | 12% | 4.2 | 140 | $1,138 | researched Sep 23 |
| 55923 | Chatfield | $297,500 | $183 | +7.9% | 37 | 100% | 40.5% | 2.1 | 15 | $776 | researched Sep 23 |
| 55929 | Dover | $365,000 | $186 | +9.7% | 9 | 100% | — | — | — | $855 | researched Sep 23 |
| 55934 | Eyota | $350,000 | $183 | +6.3% | 16 | 100% | — | 3 | 16 | $826 | researched Sep 23 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Olmsted County generally reports lower crime rates compared to the national average, with Rochester serving as a stable urban core. Public safety remains a priority for local law enforcement, and trends remain consistent with regional Midwestern norms.
The county is served by highly-regarded public school districts, including Rochester Public Schools, which are frequently recognized for academic performance and college readiness. Educational quality is a primary driver for families relocating to the area.
The region faces standard Midwestern climate risks, including severe thunderstorms and occasional winter weather impacts. Flood mitigation efforts are managed through local watershed districts, and property insurance markets remain stable.
The economy is anchored by the Mayo Clinic, which serves as a massive global employer and driver of regional development. Ongoing infrastructure projects and the Destination Medical Center initiative continue to fuel long-term economic momentum.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
The economy is heavily concentrated in healthcare and life sciences, led by the Mayo Clinic. This provides a high degree of stability and attracts a highly skilled workforce to the region.
The county is served by major highway corridors including US-52 and US-63, which connect the region to the Twin Cities. Public transit is primarily focused within the Rochester urban area.
The Olmsted County Assessor's office conducts annual market value assessments to ensure property taxes are distributed equitably based on current market conditions.
The county is served by several independent school districts and specialized watershed districts that manage flood control and water quality.
Property insurance premiums are generally stable, though homeowners are advised to maintain coverage for wind and hail damage common in the Upper Midwest.
- LARK Toys4.828.3 mi
- Air Insanity Indoor Trampoline Park4.33.1 mi
- Escape Challenge - Escape Room4.89.2 mi
- UNRAVELED Escape Room - Best Escape Room4.88.2 mi
- Mayo Civic Center4.54.3 mi
- Forager Brewery4.55.4 mi
- Four Daughters Vineyard & Winery, Loon Juice Hard Cider, and The Traditionalist Bourbon Distillery4.620.3 mi
- Graham Arena Complex4.33.9 mi
- Two Sisters - Kitchen + Bar4.613 mi
- Whitewater State Park4.817.4 mi
- Oxbow Park & Zollman Zoo4.814.8 mi
- Marcus Rochester Cinema4.44.7 mi
- Quarry Hill Nature Center4.83.4 mi
- Cascade Lake Park4.66 mi
- LARK Toys4.828.3 mi
- Rochester Art Center4.44.2 mi
- Historic Mayowood4.87 mi
- SPARK, Children's Museum4.54.9 mi
- History Center of Olmsted County4.76.4 mi
- Whitewater State Park4.817.4 mi
- Oxbow Park & Zollman Zoo4.814.8 mi
- Quarry Hill Nature Center4.83.4 mi
- Cascade Lake Park4.66 mi
- Chester Woods Park4.73.5 mi
- Rochester Golf & Country Club4.46.7 mi
- Willow Creek Golf Course4.36 mi
- Chip Shots4.55.7 mi
- Eastwood Golf Course4.41.6 mi
- Northern Hills Golf Course4.59.1 mi
- Apache Mall4.24.9 mi
- T.J. Maxx & HomeGoods4.35.1 mi
- Hy-Vee Grocery Store4.45.5 mi
- Fleet Farm4.35.2 mi
- Hy-Vee Grocery Store4.44.5 mi
- Rochester International Airport4.28.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A world-renowned medical center that serves as the primary economic and cultural anchor for the entire county.
A large county park offering extensive trails, camping, and a reservoir for swimming and fishing.
A contemporary art space located in downtown Rochester that hosts rotating exhibitions and community programs.
Data retrieved from data.census.gov
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
applies when — Parcels designated as condominium units
Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units.
Minnesota Statutes 515A.1-105
applies when — Property containing a homestead subject to foreclosure
The mortgagor has the right to designate a portion of the property as a homestead to be sold and redeemed separately, provided it conforms to local zoning and is compact.
Minnesota Statutes 582.041
Allows non-judicial foreclosure. Requires notice of sale to be mailed to the mortgagor at least 14 days before the sale date and published in a newspaper. Mortgagors have specific redemption rights following the sale.
Minnesota Statutes Chapter 580
Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.25% for value exceeding $500,000.
2021 Classification Rate Table, Minnesota Department of Revenue
≈ $3,355/yr on a $335,500 median
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.