The story of this market
The typical home in ZIP 55960 sells for about $585,000, or $244 per square foot.
Prices are up +16.9% from a year ago, so sellers still have some momentum. Homes take about 19 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 55960 — Oronoco
The housing market in ZIP 55960 shows robust price appreciation, with median sale prices up 16.9% year-over-year, indicating strong demand. While the market has slightly cooled from peak frenzy, evidenced by a moderate increase in days on market, it remains competitive. High median household incomes and proximity to the major employment hub of Rochester, particularly Mayo Clinic, continue to support property values and sustained interest in the area.
Ideal for family buyers and professionals working in Rochester who seek more space than is available in the urban core while maintaining reasonable access to the city.
Median prices moved up 16.9% year over year.
Homes spend a median of 19 days on market with 2.1 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 2.9% · poverty 3.2% — 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 9.9%/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 9.9%/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 55960, Olmsted County, Minnesota
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Not determinable from current public-facing reports.
Served by the Pine Island Public School District, which generally receives positive ratings. Local schools are noted for maintaining low student-teacher ratios.
Standard Midwest weather-related risks apply. Property taxes reflect local levies, including those associated with Olmsted County’s specific assessment and flood-control jurisdictions.
Development is anchored by the broader Rochester/Mayo Clinic economic orbit, with infrastructure momentum focused on residential expansion in the Oronoco area.
Property taxes are administered by Olmsted County. The effective rate reflects the base county levy plus specific school district and local assessment levies.
The average commute time is approximately 22.4 minutes, offering a manageable drive to the Rochester employment core.
Includes access to lakeside scenery around Lake Zumbro and proximity to regional parks and golf courses.
The rental market is limited, with the area being primarily owner-occupied single-family residential.
Deeply integrated with the Rochester economy, particularly healthcare and research sectors tied to Mayo Clinic. This provides a stable employment base for the surrounding areas.
Not determinable at the ZIP code level.
Ongoing residential growth consistent with the exurban expansion of the Rochester metropolitan area, with land development occurring in Oronoco townships.
Not determinable at the ZIP code level.
Includes county, school, and potential watershed/fire districts typical of Olmsted County.
Standard Minnesota property insurance posture; subject to typical Midwest weather-related risk adjustments.
Not determinable at the ZIP code level.
Not determinable at the ZIP code level.
Not determinable at the ZIP code level.
Data retrieved from data.census.gov for ZCTA 55960. Note: Median home value (B25077) is from the ACS and may differ from current market sale prices.
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 Center4.510.1 mi
- Forager Brewery4.59.5 mi
- Graham Arena Complex4.311.6 mi
- Two Sisters - Kitchen + Bar4.61 mi
- Café Steam4.610.3 mi
- Oxbow Park & Zollman Zoo4.88.5 mi
- Quarry Hill Nature Center4.810.2 mi
- Cascade Lake Park4.69.7 mi
- Bowlocity Entertainment Center4.48.2 mi
- Quarry Hill Park4.810.3 mi
- Rochester Art Center4.410.3 mi
- Historic Mayowood4.811.9 mi
- SPARK, Children's Museum4.511.2 mi
- History Center of Olmsted County4.710.9 mi
- Rochester Civic Theatre4.710.1 mi
- Oxbow Park & Zollman Zoo4.88.5 mi
- Quarry Hill Nature Center4.810.2 mi
- Cascade Lake Park4.69.7 mi
- Quarry Hill Park4.810.3 mi
- Silver Lake Park4.39.6 mi
- Rochester Golf & Country Club4.410.1 mi
- Chip Shots4.57.9 mi
- Eastwood Golf Course4.412.1 mi
- Northern Hills Golf Course4.56.4 mi
- Pine Island Golf Course4.46.3 mi
- Apache Mall4.211.2 mi
- T.J. Maxx & HomeGoods4.311.1 mi
- Hy-Vee Grocery Store4.49.4 mi
- Hy-Vee Grocery Store4.411.2 mi
- Fresh Thyme Market4.59.8 mi
- Rochester International Airport4.217.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides recreational opportunities and scenic lakeside living.
Local park offering green space and community amenities.
Proximity to a major metropolitan area's retail and culinary offerings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.