The story of this market
The typical home in ZIP 55902 sells for about $430,000, or $167 per square foot.
Prices are roughly flat from a year ago (+0.8%), a market in balance. Homes take about 21 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,703 a month.
ZIP 55902 — Rochester
The 55902 housing market remains stable with a median listing price of $430,000, driven by consistent demand from the local medical sector. Inventory levels are sufficient to meet current buyer interest, resulting in a balanced market environment. Prices have seen modest year-over-year growth, reflecting the area's economic resilience.
This ZIP is ideal for medical professionals, families, and those seeking proximity to the Mayo Clinic and downtown Rochester's amenities.
Median prices moved up 0.8% year over year.
Homes spend a median of 21 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 5.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 55902, Olmsted 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.
The area is served by Rochester Public Schools, which generally maintains a strong reputation within the region for academic performance.
The region faces standard Midwestern climate risks, including severe thunderstorms and winter weather, with flood risk managed by local infrastructure.
Rochester's economy is anchored by the Mayo Clinic, driving significant medical-sector employment and ongoing infrastructure development.
Property taxes are determined by the Olmsted County assessor based on market value, with rates influenced by city, county, and school district levies.
Residents in 55902 benefit from proximity to downtown Rochester and the Mayo Clinic campus, typically resulting in short commute times.
The ZIP features access to Kutzky Park and various local trails, with proximity to downtown shopping and dining districts.
The rental market is supported by demand from medical professionals and students, maintaining steady occupancy levels.
The economy is heavily dominated by the Mayo Clinic, which serves as the primary employer and economic engine for the entire region.
The area is served by a network of local roads and public transit options connecting to the downtown employment core.
Ongoing development in Rochester focuses on expanding medical facilities and mixed-use residential projects near the city center.
Olmsted County utilizes a market-value assessment system to determine property tax liabilities for residential parcels.
Parcels in this ZIP are subject to Rochester Public Schools district taxes and standard municipal utility assessments.
Property insurance premiums in the region are influenced by standard Midwestern weather risks, including wind and hail exposure.
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.
- Mayo Civic Center4.54.5 mi
- Forager Brewery4.54.4 mi
- Four Daughters Vineyard & Winery, Loon Juice Hard Cider, and The Traditionalist Bourbon Distillery4.618.4 mi
- Graham Arena Complex4.33.5 mi
- Two Sisters - Kitchen + Bar4.612.3 mi
- Oxbow Park & Zollman Zoo4.810.1 mi
- Marcus Rochester Cinema4.43.2 mi
- Quarry Hill Nature Center4.85.9 mi
- Cascade Lake Park4.63.7 mi
- Chester Woods Park4.710.5 mi
- Rochester Art Center4.44.5 mi
- Historic Mayowood4.81.2 mi
- SPARK, Children's Museum4.52.9 mi
- History Center of Olmsted County4.72.3 mi
- Rochester Civic Theatre4.74.6 mi
- Oxbow Park & Zollman Zoo4.810.1 mi
- Quarry Hill Nature Center4.85.9 mi
- Cascade Lake Park4.63.7 mi
- Chester Woods Park4.710.5 mi
- Quarry Hill Park4.85.9 mi
- Rochester Golf & Country Club4.43.1 mi
- Willow Creek Golf Course4.32.3 mi
- Chip Shots4.56.9 mi
- Eastwood Golf Course4.46.1 mi
- Northern Hills Golf Course4.56.8 mi
- Apache Mall4.23 mi
- T.J. Maxx & HomeGoods4.32.8 mi
- Hy-Vee Grocery Store4.44.4 mi
- Fleet Farm4.33.2 mi
- Hy-Vee Grocery Store4.43.3 mi
- Rochester International Airport4.24.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A popular local park offering green space and recreational trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.