Rochester, MN · Minnesota

Olmsted County

ZIP 55906

163,425 residents543 permits TTM$93,494 median HHI12 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$304,500

ACS 5-Year

Cap rate proxy

5.1%

FMR × 0.65 ÷ Home Value

Rent-to-income

16.5%

HUD FMR ÷ ACS HHI

Net migration

+1.43%

IRS SOI

Permits (TTM)

543

Census BPS

Climate risk

82.3

FEMA NRI (0–100)

ZIP 55906

Median home value

Gross yield

Cap rate

4.0%

Rent gap

Affordability

P/I: 4.1R/I: 16.6%

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown12 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
559035.1%
559055.1%
559764.7%
559016.0%
559047.0%

Ranked by composite score

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Demographics

Owner-occupied

70.7%

Census ACS

Vacancy rate

5.2%

Census ACS

Bachelor's degree +

48.5%

Census ACS

Rent burdened

45.9%

Census ACS (>30% income)

Median age

37.8

Census ACS

Data sources
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