The story of this market
The typical home in ZIP 55905 sells for about $365,000, or $173 per square foot.
Prices are roughly flat from a year ago (-0.3%), a market in balance. Homes take about 24 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,200 a month.
ZIP 55905 — Rochester
The Rochester (55905) residential market is characterized by a transition toward balance as inventory levels rise from multi-year lows, providing buyers with more options and negotiating room. While median sale prices remain resilient, anchored by the stable regional economic demand driven by the Mayo Clinic and associated medical sectors, the increased months of supply (now exceeding 3.0 months in the broader area) is moderating the intense competition seen in recent years.
The area is ideal for healthcare professionals and families seeking proximity to the city's medical hub and high-quality educational institutions, though inventory constraints can impact those looking for entry-level single-family homes.
Median prices moved down 0.3% year over year.
Homes spend a median of 24 days on market with 3.1 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 3.0% · poverty 8.0% — 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.
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 3.6%/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 55905, Olmsted County, Minnesota
Rochester maintains a "B" crime safety grade with an overall crime rate approximately 33% below the national average. Property crime remains the primary concern, though it tracks significantly lower than in many similarly sized U.S. cities.
The area is served by Rochester Public Schools, with several local institutions (such as Folwell Elementary) achieving high ratings (8/10). Mayo High School is also a top-rated local facility.
The region is primarily subject to standard Midwestern weather risks, including wind and seasonal flooding risks near the Zumbro River; local ordinances mandate specific insurance and construction compliance for development in these zones.
Development is heavily influenced by the "Destination Medical Center" (DMC) initiative, which continues to drive commercial and infrastructure investment around the Mayo Clinic campus and downtown core.
Taxation is administered via Olmsted County; rates are determined by a combination of state-mandated education levies and local city/county millage rates, with the 55905 area subject to the standard Rochester municipal assessment.
Central to Rochester’s employment core, most residents enjoy short commute times, with strong infrastructure supporting both vehicle and transit access to the Mayo campus.
Proximity to the Zumbro River trail system, Quarry Hill Nature Center, and numerous municipal golf courses provides high-quality outdoor and leisure access within 3 miles.
Strong rental demand driven by transient medical staff, students, and clinic researchers creates a resilient, high-occupancy rental market.
Dominated by the Mayo Clinic, the economy is highly specialized in healthcare, life sciences, and related research, bolstered by a steady flow of high-skilled medical professionals.
Significant focus on mixed-use high-density residential and clinical expansions as part of the ongoing DMC master plan for downtown Rochester.
Special tax and improvement districts are tied to the DMC project and downtown redevelopment zones.
Standard market posture; homeowners are encouraged to maintain coverage for convective storm activity (hail/wind) typical of Southeast Minnesota.
Data sourced from US Census Bureau ACS 2018-2022 5-year estimates for ZCTA 55905. Some figures are representative of Olmsted County where ZCTA-specific data was not available or detailed enough.
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 Park4.35.2 mi
- Escape Challenge - Escape Room4.82.6 mi
- UNRAVELED Escape Room - Best Escape Room4.81.6 mi
- Mayo Civic Center4.54 mi
- Forager Brewery4.53 mi
- Graham Arena Complex4.35 mi
- Two Sisters - Kitchen + Bar4.66.6 mi
- Café Steam4.64 mi
- Oxbow Park & Zollman Zoo4.86.6 mi
- Marcus Rochester Cinema4.47.5 mi
- Quarry Hill Nature Center4.85.1 mi
- Cascade Lake Park4.62.6 mi
- Chester Woods Park4.711.3 mi
- Rochester Art Center4.44.1 mi
- Historic Mayowood4.84.5 mi
- SPARK, Children's Museum4.54.3 mi
- History Center of Olmsted County4.73.5 mi
- Rochester Civic Theatre4.74 mi
- Oxbow Park & Zollman Zoo4.86.6 mi
- Quarry Hill Nature Center4.85.1 mi
- Cascade Lake Park4.62.6 mi
- Chester Woods Park4.711.3 mi
- Quarry Hill Park4.85.1 mi
- Rochester Golf & Country Club4.42.7 mi
- Willow Creek Golf Course4.37.5 mi
- Chip Shots4.53.7 mi
- Eastwood Golf Course4.46.7 mi
- Northern Hills Golf Course4.51.1 mi
- Apache Mall4.24.3 mi
- T.J. Maxx & HomeGoods4.34.1 mi
- Hy-Vee Grocery Store4.42.8 mi
- Fleet Farm4.37.9 mi
- Hy-Vee Grocery Store4.44.4 mi
- Rochester International Airport4.210.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Anchor institution driving the local economy and attracting a specialized workforce.
Offers educational programs and outdoor recreation with trails and natural habitats.
Extensive network for walking, biking, and enjoying riverside scenery.
Provides higher education opportunities, contributing to the city's intellectual and professional environment.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.