Rochester, MN · Minnesota
Dodge County
ZIP 55940
20,962 residents96 permits TTM$92,943 median HHI6 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$267,500
ACS 5-Year
Cap rate proxy
4.5%
FMR × 0.65 ÷ Home Value
Rent-to-income
13.0%
HUD FMR ÷ ACS HHI
Net migration
+1.73%
IRS SOI
Permits (TTM)
96
Census BPS
Climate risk
14.2
FEMA NRI (0–100)
ZIP 55940
Median home value
—
Gross yield
—
Cap rate
4.0%
Rent gap
—
Affordability
P/I: 3.3R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown6 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 55985 | — | — | — | 4.5% | — |
| 55927 | — | — | — | 4.3% | — |
| 55924 | — | — | — | 4.1% | — |
| 55940 | — | — | — | 4.0% | — |
| 55944 | — | — | — | 3.7% | — |
Ranked by composite score
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Demographics
Owner-occupied
87.7%
Census ACS
Vacancy rate
4.5%
Census ACS
Bachelor's degree +
29.7%
Census ACS
Rent burdened
34.6%
Census ACS (>30% income)
Median age
38.5
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026