Home Affordability in 55901
Rochester, MN — Olmsted County
The median home price in ZIP code 55901 (Rochester) is $305,000 with a median household income of $68,000. The price-to-income ratio is 4.5x.
Median Home Price
$305,000
Median Income
$68,000
Price-to-Income
4.5x
Est. Affordable Home
$264,000
Property Tax Rate
1.08%
Annual Property Tax
$3,294
Cost of Living
98
Metro Area
Rochester MSA
Down Payment Scenarios for ZIP 55901
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $9,150 | $295,850 | Yes |
| 5% | $15,250 | $289,750 | Yes |
| 10% | $30,500 | $274,500 | Yes |
| 20% | $61,000 | $244,000 | No |
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