ZIP Code 55901 — Rochester, MN Home Prices (2026)
The typical home in ZIP 55901 (Rochester, Minnesota) is worth about $332,000 at roughly $190 per square foot — 10% more affordable than the Rochester median and 13% more expensive than the typical U.S. home.
How 55901 compares
ZIP 55901 is one of the more affordable ZIP codes in Rochester: its typical home value of $332,000 ranks #3 of the 4 Rochester ZIP codes we track (the citywide range runs from $298,000 in 55904 to $480,000 in 55902). Per square foot it costs about $190, against $191 for Rochester as a whole, $189 for Minnesota, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 55901 | $332,000 | $190 |
| Rochester, MN | $368,000 | $191 |
| Minnesota | $304,000 | $189 |
| United States | $294,000 | $195 |
Home value by size in 55901
Using this ZIP’s rate of about $190 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $190,000 |
| 1,500 sq ft | $285,000 |
| 2,000 sq ft | $380,000 |
| 2,500 sq ft | $475,000 |
| 3,000 sq ft | $570,000 |
Salary needed to buy a home in ZIP 55901
To buy the typical $332,000 home in ZIP 55901 with 20% down, you need a household income of roughly $90,000 a year (about $2,110 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $107,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $16,600 | $2,620/mo | $112,000/yr |
| 10% (+PMI) | $33,200 | $2,500/mo | $107,000/yr |
| 20% | $66,400 | $2,110/mo | $90,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 55901
At about $190 per square foot, here is roughly how much home different budgets get you in ZIP 55901:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 790 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1050 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1320 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1580 sq ft | around the typical home here |
| $400k | 2110 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 55901 home.
Estimate a specific home in 55901
The estimator below is pre-set to ZIP 55901 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Rochester ZIP codes by home value
Where 55901 sits among Rochester’s 4 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 55902 | $480,000 | $212 |
| 2 | 55906 | $404,000 | $188 |
| 3 | 55901 (this page) | $332,000 | $190 |
| 4 | 55904 | $298,000 | $191 |
ZIP 55901 home prices: frequently asked
What is the average home price in ZIP code 55901? +
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See the full Rochester home values page, all Minnesota cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.