The story of this market
The typical home in ZIP 55904 sells for about $349,691, or $183 per square foot.
Prices are up +6.3% from a year ago, so sellers still have some momentum. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,304 a month.
ZIP 55904 — Rochester
The Rochester housing market remains competitive with steady price appreciation and low inventory levels. Demand is supported by a strong local economy anchored by the Mayo Clinic, though buyers are increasingly sensitive to affordability constraints.
This area is ideal for families and healthcare professionals seeking a balance of suburban comfort, proximity to major employers, and access to quality public schools.
Median prices moved up 6.3% year over year.
Homes spend a median of 16 days on market with 2.1 months of supply — a fast-moving market.
33% 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 2.8% · poverty 10.7% — 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 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55904, 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.
Rochester generally maintains a lower crime rate compared to other major cities in Minnesota, with public safety efforts focused on community-oriented policing.
The area is served by Rochester Public Schools, which is highly regarded for its academic performance and diverse educational programming.
The region faces moderate risks from severe weather, including heavy thunderstorms and occasional winter blizzards, with standard flood insurance recommended for low-lying areas.
The economy is anchored by the Mayo Clinic, driving significant medical research and healthcare development, alongside ongoing infrastructure improvements to support regional growth.
Property taxes are assessed at the county level by Olmsted County, with rates determined by local levies and state-mandated school district requirements.
Residents in 55904 benefit from proximity to major employment hubs like the Mayo Clinic, with most commutes being short drives via well-maintained arterial roads.
The ZIP features numerous parks, walking trails, and proximity to the Zumbro River, providing ample outdoor recreation and local shopping centers.
The rental market remains tight with steady demand driven by healthcare professionals and students, though rent growth has stabilized recently.
The economy is heavily dominated by the healthcare sector, led by the Mayo Clinic, which provides a stable employment base and attracts a highly skilled workforce.
The city is served by a network of highways and a public transit system that connects residential areas to the downtown medical and business districts.
Ongoing development focuses on expanding medical facilities and mixed-use residential projects to accommodate the growing workforce.
Olmsted County utilizes a market-value assessment system to determine property tax liabilities, with annual adjustments based on sales data.
Parcels are subject to Rochester Public Schools district taxes and various municipal utility and infrastructure assessments.
Property insurance premiums are generally stable, though coverage for wind and hail damage is a standard consideration for homeowners in the region.
Data retrieved from ZCTA-level census profiles.
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.
- Air Insanity Indoor Trampoline Park4.33.9 mi
- Escape Challenge - Escape Room4.810.3 mi
- UNRAVELED Escape Room - Best Escape Room4.89.2 mi
- Mayo Civic Center4.55 mi
- Forager Brewery4.55.8 mi
- Four Daughters Vineyard & Winery, Loon Juice Hard Cider, and The Traditionalist Bourbon Distillery4.617.3 mi
- Graham Arena Complex4.33.7 mi
- Two Sisters - Kitchen + Bar4.614.5 mi
- Marcus Rochester Cinema4.41.9 mi
- Quarry Hill Nature Center4.85.1 mi
- Cascade Lake Park4.66 mi
- Chester Woods Park4.76.2 mi
- Bowlocity Entertainment Center4.46.9 mi
- Rochester Art Center4.44.9 mi
- Historic Mayowood4.85.6 mi
- SPARK, Children's Museum4.54.4 mi
- History Center of Olmsted County4.75.6 mi
- Rochester Civic Theatre4.75 mi
- Quarry Hill Nature Center4.85.1 mi
- Cascade Lake Park4.66 mi
- Chester Woods Park4.76.2 mi
- Quarry Hill Park4.85.1 mi
- Silver Lake Park4.35.6 mi
- Rochester Golf & Country Club4.46.2 mi
- Willow Creek Golf Course4.33.3 mi
- Chip Shots4.57.3 mi
- Eastwood Golf Course4.43.6 mi
- Northern Hills Golf Course4.59.6 mi
- Apache Mall4.24.4 mi
- T.J. Maxx & HomeGoods4.34.6 mi
- Hy-Vee Grocery Store4.45.9 mi
- Fleet Farm4.32.2 mi
- Hy-Vee Grocery Store4.44.2 mi
- Rochester International Airport4.24.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
World-renowned medical center and primary economic driver for the region.
Provides scenic trails and recreational opportunities throughout the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.