The story of this market
The typical home in ZIP 55929 sells for about $365,000, or $186 per square foot.
Prices are up +9.7% from a year ago, so sellers still have some momentum. Homes take about 9 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $855 a month.
ZIP 55929 — Dover
The housing market in 55929 is characterized by low inventory and consistent, though localized, demand. As a rural community near the Rochester employment hub, the area remains attractive to those seeking space and value, with prices showing steady year-over-year appreciation.
Fits family buyers and professionals working in the Rochester hub who prefer a quiet, rural lifestyle while retaining reasonable access to city services.
Median prices moved up 9.7% year over year.
Homes spend a median of 9 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 1.7% · poverty 3.5% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 55929, 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.
55929 is a rural, close-knit community with a low-density profile, generally experiencing significantly lower crime rates than the regional urban center of Rochester.
Schools serving the area, notably Chatfield Public Schools, are generally well-regarded, with the elementary school ranking in the top 20% of Minnesota public schools for test proficiency.
The area faces a moderate risk of wildfire, with approximately 7% of properties categorized as having some risk of impact over the next 30 years.
Development is driven by proximity to Rochester’s medical and technology sectors; infrastructure is steady, with recent improvements noted in local educational facilities and manufacturing businesses.
Taxation is administered via Olmsted County; rates are determined by a combination of school district levies, municipal, and county-level assessments.
The area functions as a bedroom community; residents typically face a 20–25 minute commute to the Rochester/Mayo Clinic core via US Highway 52.
Residents have access to the Bluff Country outdoor lifestyle, including the Root River, local parks, and the Chatfield ATV/OHV trail system.
Rental market depth is limited with low vacancy; inventory is largely comprised of single-family homes and small multi-family units.
The area's economic base is deeply tied to the Rochester medical corridor and the Mayo Clinic, supported by local manufacturing and regional agriculture.
Limited large-scale commercial pipelines; development momentum is focused on residential infill and small-scale community improvements.
Parcels are primarily subject to Olmsted County jurisdiction; school district taxes are the primary special levy.
Property insurance remains standard for the region, though proximity to the Root River and forested terrain necessitates review of specific flood and fire zones.
Data retrieved from data.census.gov ZCTA 55929 profile.
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 Park4.313.7 mi
- Escape Challenge - Escape Room4.817.8 mi
- UNRAVELED Escape Room - Best Escape Room4.817.4 mi
- Mayo Civic Center4.514.7 mi
- Forager Brewery4.515.6 mi
- Graham Arena Complex4.314.7 mi
- Café Steam4.614.8 mi
- Bleu Duck Kitchen4.614.9 mi
- Whitewater State Park4.86.7 mi
- Chester Woods Park4.77.4 mi
- Carley State Park4.56.3 mi
- Shari's Sports Saloon & Lanes4.412 mi
- Rochester Art Center4.414.6 mi
- Historic Mayowood4.817.9 mi
- SPARK, Children's Museum4.515.6 mi
- History Center of Olmsted County4.717.2 mi
- Rochester Civic Theatre4.714.7 mi
- Whitewater State Park4.86.7 mi
- Chester Woods Park4.77.4 mi
- Carley State Park4.56.3 mi
- Eastwood Golf Course4.412.1 mi
- St. Charles Golf Course4.37.1 mi
- Sekapp Orchard4.612.3 mi
- Rochester International Airport4.218.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Regional river providing outdoor recreation access.
Local cultural and arts venue.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.