The story of this market
The typical home in ZIP 55906 sells for about $500,000, or $213 per square foot.
Prices are up +6.3% from a year ago, so sellers still have some momentum. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,196 a month.
ZIP 55906 — Rochester
The 55906 housing market is currently experiencing competitive conditions, driven by its proximity to the Mayo Clinic and the broader Rochester employment hub. While home prices have seen year-over-year growth, the market remains balanced by steady demand from professionals and families. Inventory levels remain relatively tight, contributing to a stable but active sales environment.
This ZIP is well-suited for family buyers and professionals working at the Mayo Clinic who prioritize proximity to the city center while seeking suburban-style residential options.
Median prices moved up 6.3% year over year.
Homes spend a median of 65 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.9% · poverty 8.4% — a stable, low-distress profile.
ZCTA 55906, 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 is anchored by the Mayo Clinic, which serves as the primary economic driver and major employer for the region, fostering consistent development momentum.
Residents in 55906 benefit from proximity to downtown Rochester, with many areas served by local bus lines and major arterial roads providing access to the city's employment core.
The area features access to local parks and green spaces, with proximity to the broader Rochester trail system and shopping districts within a short drive.
The rental market in Rochester is characterized by steady demand, with median rents around $1,695, though investor yield growth has been noted as lagging behind home value appreciation.
The economy is heavily influenced by the healthcare sector, specifically the Mayo Clinic, which provides a stable employment base and attracts a highly skilled workforce.
Rochester is served by a network of highways and local transit options, with ongoing infrastructure efforts focused on supporting the city's growth as a medical destination.
Development in the area is largely focused on residential expansion and infrastructure improvements to support the growing population associated with the medical hub.
Data sourced from general Rochester/Olmsted County profiles; specific ZCTA-level ACS tables not fully available.
- Air Insanity Indoor Trampoline Park4.35.8 mi
- Escape Challenge - Escape Room4.85.4 mi
- UNRAVELED Escape Room - Best Escape Room4.85.3 mi
- Mayo Civic Center4.55.5 mi
- Forager Brewery4.55.7 mi
- Graham Arena Complex4.36.8 mi
- Two Sisters - Kitchen + Bar4.67.6 mi
- Café Steam4.65.7 mi
- Oxbow Park & Zollman Zoo4.812.5 mi
- Marcus Rochester Cinema4.49.6 mi
- Quarry Hill Nature Center4.84.4 mi
- Cascade Lake Park4.66.5 mi
- Chester Woods Park4.77.6 mi
- Rochester Art Center4.45.5 mi
- Historic Mayowood4.89.1 mi
- SPARK, Children's Museum4.57.1 mi
- History Center of Olmsted County4.77.9 mi
- Rochester Civic Theatre4.75.5 mi
- Oxbow Park & Zollman Zoo4.812.5 mi
- Quarry Hill Nature Center4.84.4 mi
- Cascade Lake Park4.66.5 mi
- Chester Woods Park4.77.6 mi
- Carley State Park4.511.5 mi
- Rochester Golf & Country Club4.47.4 mi
- Willow Creek Golf Course4.310.5 mi
- Chip Shots4.53.3 mi
- Eastwood Golf Course4.45.7 mi
- Northern Hills Golf Course4.56.5 mi
- Apache Mall4.27.1 mi
- T.J. Maxx & HomeGoods4.37.2 mi
- Hy-Vee Grocery Store4.45.7 mi
- Fleet Farm4.310.1 mi
- Hy-Vee Grocery Store4.46.8 mi
- Rochester International Airport4.213.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The primary economic and employment anchor for the entire Rochester region.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.