The story of this market
The typical home in ZIP 55150 sells for about $485,000, or $215 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $875 a month.
ZIP 55150 — Mendota
The housing market in 55150 remains stable with low inventory and consistent demand from family buyers. Prices have seen modest year-over-year growth, supported by the area's strong school ratings and proximity to the Twin Cities. Some figures, such as specific permit activity, are not available at the ZIP level and are omitted.
This ZIP is well-suited for family buyers and professionals seeking a suburban environment with good school access and a manageable commute to the Twin Cities.
Median prices moved up 2.1% year over year.
Homes spend a median of 32 days on market with 3.8 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.3% · poverty 12.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55150, Dakota County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in this area are generally lower than the regional average for the Twin Cities metro, with property crime being the primary concern.
The area is served by highly-rated public school districts, with schools generally performing above state averages in proficiency metrics.
The area faces moderate risk from severe weather events, including wind and occasional localized flooding, with standard insurance coverage typically available.
Economic momentum is driven by proximity to the Minneapolis-St. Paul employment core, with steady residential demand and limited new large-scale commercial development.
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.
Residents typically have a 20-30 minute drive to downtown Minneapolis or St. Paul, with limited direct public transit options compared to urban cores.
The area features access to local parks, walking trails, and proximity to the Minnesota River valley, providing significant outdoor recreational opportunities.
The rental market is characterized by low vacancy rates and steady demand, with limited new multi-family construction keeping supply tight.
The local economy is integrated into the broader Minneapolis-St. Paul metro area, with major employment sectors including healthcare, retail, and professional services.
Transportation is heavily reliant on personal vehicles, with access to major highway corridors connecting to the regional employment hubs.
Development is largely constrained by existing land use, with limited new large-scale projects currently in the pipeline.
Dakota County utilizes a market-value assessment system with annual adjustments based on sales data and property inspections.
Parcels are subject to standard municipal, county, and school district tax levies, with no significant MUD/PID presence.
Property insurance premiums are stable, though coverage for wind and hail damage remains a standard consideration for homeowners.
Data retrieved from data.census.gov ZCTA-level tables.
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.
- Mall of America®4.64.5 mi
- Valleyfair4.215.5 mi
- Great Wolf Lodge | Minnesota3.94.7 mi
- Nickelodeon Universe4.54.5 mi
- Slick City Action Park4.518.9 mi
- U.S. Bank Stadium4.67.6 mi
- Grand Casino Arena4.64.9 mi
- Minneapolis Convention Center4.57.9 mi
- Minnesota State Fair4.76.2 mi
- Topgolf Brooklyn Center4.314.1 mi
- Mall of America®4.64.5 mi
- U.S. Bank Stadium4.67.6 mi
- Como Park Zoo & Conservatory4.76.5 mi
- Minnesota Zoo4.68.5 mi
- Minneapolis Institute of Art4.87.3 mi
- Minneapolis Institute of Art4.87.3 mi
- Science Museum of Minnesota4.64.9 mi
- Union Depot4.55.5 mi
- Walker Art Center4.58.3 mi
- Minnesota State Capitol4.75.5 mi
- Como Park Zoo & Conservatory4.76.5 mi
- Minneapolis Sculpture Garden4.78.4 mi
- Centennial Lakes Park4.78.2 mi
- Lake Harriet Regional Park4.87.7 mi
- Boom Island Park4.78.9 mi
- Pool and Yacht Club4.71.8 mi
- Watergate Marina4.50.7 mi
- The Minikahda Club4.48.7 mi
- Puttery4.78.4 mi
- Braemar Golf Course4.411 mi
- Brookview Golf Course and Lawn Bowling4.212.6 mi
- Hiawatha Golf Course3.84.7 mi
- Mall of America®4.64.5 mi
- Rosedale Center4.38.7 mi
- Twin Cities Premium Outlets4.55.6 mi
- Karmel Mall4.17.3 mi
- Maplewood Mall412.1 mi
- Minneapolis-Saint Paul International Airport4.42.6 mi
- Shoyu3.72.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large regional park offering hiking, biking, and lake access.
Extensive protected land for wildlife viewing and trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.