The story of this market
The typical home in ZIP 55991 sells for about $294,600, or $168 per square foot.
Prices are up +2.7% from a year ago, so sellers still have some momentum. Homes take about 66 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 55991 — Zumbro Falls
The housing market in 55991 is characterized by low inventory and stable, modest price growth. Market activity is driven by local demand for rural residential properties, with limited new construction and a reliance on the broader regional economy for employment.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with access to larger regional employment hubs like Rochester.
Median prices moved up 2.7% year over year.
Homes spend a median of 66 days on market with 1.0 months of supply — a fast-moving market.
16% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 6.8% — 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 7.6%/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 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55991, Wabasha 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.
Crime rates in the Zumbrota area are generally low, consistent with rural Goodhue County trends and significantly below state and national averages.
The area is served by local public school districts with generally stable performance ratings.
The region faces standard Midwestern climate risks including seasonal severe storms and potential flooding near the Zumbro River.
Economic momentum is driven by proximity to the Rochester employment hub and local agricultural and small-business sectors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Commuters primarily rely on personal vehicles for travel to Rochester or other regional employment centers via state highways.
The area offers access to outdoor activities including fishing and boating on the Zumbro River, local parks, and rural trail systems.
The rental market is limited in depth, with low vacancy pressure and minimal short-term rental inventory.
The local economy is anchored by agriculture and small-scale commerce, with significant employment reliance on the nearby Rochester medical and technology sectors.
Transportation is almost exclusively automobile-dependent, utilizing regional highway corridors for access to neighboring cities.
Development is primarily focused on low-density residential infill and small-scale rural improvements.
Wabasha County Assessor manages property valuations for tax purposes.
Parcels are subject to local school district taxes and county-level administrative levies.
Property insurance premiums are consistent with regional averages for rural Minnesota, reflecting standard hazard exposure.
Data retrieved from data.census.gov ZCTA 55991 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.
Provides local opportunities for fishing and recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.